If a forecast made using all available information is NOT perfectly accurate, then it is
A) still a rational expectation.
B) not a rational expectation.
C) an adaptive expectation.
D) a second-best expectation.
A
Economics
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The transactions demand for money is related to money's job as a _________.
Fill in the blank(s) with the appropriate word(s).
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Which point on the graph below represents an inefficient use of society's resources?
What will be an ideal response?
Economics
Costs that have already been incurred, and which cannot be recovered, are known as
A) short-run fixed costs. B) unavoidable costs. C) sunk costs. D) implicit costs.
Economics
A rightward shift of the supply curve is called a(n)
a) increase in supply b) decrease in supply c) decrease in quantity supplied d) increase in quantity supplied
Economics