If people experience rational inattention, then during the interval between the public's informational updates
A. the Phillips curve slopes downward.
B. the Phillips curve slopes upward.
C. the Phillips curve does not exist.
D. the Phillips curve becomes vertical.
Answer: A
You might also like to view...
Higher education subsidies in the form of the federal government's student loan program
a. induce more people to attend colleges and universities. b. keep interest rates low on student loans. c. cause lenders to take on more risk. d. All of the above are correct.
A decrease in the demand for recreational fishing boats might be caused by an increase in the:
A. size and number of fish available. B. income of sports fishers. C. price of sailing boats. D. price of outboard motors.
Explain what factors determine the expected return on a foreign bond
What will be an ideal response?
Which of the following is a positive economic statement?
A) People should not buy imported fruits and vegetables. B) The government should subsidize solar power for homeowners. C) The minimum wage law causes unemployment. D) The number of work visas should not be limited by the government.