Rational expectations are forecasts that, although not necessarily correct, are the best that can be made given the available information.
Answer the following statement true (T) or false (F)
True
Economics
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Normative analysis offers decision makers the most valuable information when choosing among alternatives
Indicate whether the statement is true or false
Economics
One way for a company like McDonalds to overcome principal-agent problems is to advertise for franchisees
a. True b. False
Economics
Which of the following is not a store of value?
a. Dollar bills. b. Credit card. c. Coins. d. Gold.
Economics
The major objective of the Federal Reserve System is to: a. make substantial profits for its member banks
b. help in generating stabilization policies for the economy. c. distribute paper money and coins to banks and retail stores. d. prevent closure (failure) of individual member banks.
Economics