________ is to the random walk hypothesis as ________ is to behavioral economics
A) Sober calculation; paternal guidance
B) Surprise; gratification
C) Rational ignorance; studied optimization
D) Unpredictability; regret
D
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The prices of the goods and services in the CPI market basket are collected
A) monthly. B) yearly. C) quarterly. D) infrequently. E) only when the CPI market basket is determined by the Consumer Expenditure Survey.
One theory discussed in the textbook is that there is a direct relationship between the opportunity cost of having children and the number of children a woman will have
Indicate whether the statement is true or false
Using the Taylor rule, if inflation is 3 percent, desired inflation is 2 percent, and output is 2 percentage points below potential, the Fed should target a federal funds rate of:
A. 3.5. B. 4.5. C. 6.5. D. 3.0.
Until the _______, most Americans had an unfavorable opinion of labor unions.
Fill in the blank(s) with the appropriate word(s).