Most economists believe that the theory of rational expectations is
A. more correct in the long run than the short run.
B. more correct in the short run than the long run.
C. correct in both the long run and short run.
D. incorrect because it is based on false logic.
Answer: A
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After World War II, the United States has pursued a broad policy of
A) strengthening "Fortress America" protectionism. B) removing barriers to international trade. C) isolating Iran and other members of the "axis of evil." D) protecting the U.S. from the economic impact of oil producers. E) restricting trade of manufactured goods.
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