The ________ hypothesis suggests that errors in forecasting future inflation rates are due to random, unpredictable events.
A. chaos-theory
B. stagflation
C. rational-expectations
D. Friedman
Answer: C
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How do current tax laws in the United States favor employer-based health care insurance?
A) Individuals who receive health insurance benefits are allowed to deduct the value of these benefits from their taxable income. B) Individuals who receive health insurance benefits do not pay taxes on the value of these benefits. C) Employers who provide health insurance benefits are reimbursed by the government and are not taxed on these reimbursements. D) Health insurance companies that provide insurance to employers are subject to a lower tax rate than those insurance companies that provide insurance to private individuals.
Eggs are considered a poor medium of exchange principally because of their
a. durability b. portability c. volatility d. fragility e. abundance
Which of the following is true of Chow test?
A. It is a type of t test. B. It is a type of sign test. C. It is only valid under homoskedasticty. D. It is only valid under heteroskedasticity.
Which of the following is NOT a characteristic or focus of microeconomics?
A) individual consumers. B) analysis of aggregate economic variables C) firm behavior D) individual markets