According to the rational expectations hypothesis, unemployment
A. may exist, and if it does, it will be temporary.
B. only exists in the long run.
C. may exist, and when it does, it stays for a long period of time.
D. does not exist in the short run.
Answer: A
You might also like to view...
An improvement in the quality of U.S. goods would lead to a ________ in the demand for dollars and a ________ in the exchange rate
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
Charles Murray points out that
A. despite substantial increases in the money that the federal government spent on antipoverty programs between 1968 and 1980, the poverty rate remained exactly the same. B. although federal spending on antipoverty programs fell substantially between 1968 and 1980, the poverty rate remained exactly the same. C. the only way to substantially reduce the welfare rolls is to enroll all the poor in job training programs that lead to well-paying jobs. D. despite the rising number of poor people in recent years, the federal antipoverty programs have been successful.
At the beginning of the 20th century one farmer in the U.S. produced enough to feed ____________ people, and at the end of the century, one farmer produced enough to feed ____________ people
A) 20; 40 B) 7; 15 C) 12; 42 D) 8; 35
Microfinance is the practice of lending ________, with no collateral, and accepting ________ savings deposits.
A. government-backed funds; government securities as B. very small amounts of money; small C. foreign currency; foreign currency as D. money electronically; electronic