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