According to the rational expectations hypothesis, individuals form their expectations about future values of economic variables by all of the following EXCEPT
A) past information.
B) current information.
C) their understanding of how the economy operates.
D) formal models of macroeconomics.
D
You might also like to view...
________ the owners of the factors of production, while ________ what amounts of those factors to hire
A) Households are; firms determine B) Households are; the government determines C) The government is; firms determine D) Firms are; households determine E) Firms are; the government determines
Which of the following variables will not cause the market supply curve of labor to shift?
A) a change in the labor participation rate of women B) an increase in the number of people between the ages of 16 and 65 C) increases in population D) a favorable change in consumer tastes
Identify which of the following people would be considered either employed, unemployed, or not in the labor force:
a. Alejandro just lost his job at an automobile assembly plant and is looking for work in another industry. b. Bonnie quit her job 6 months ago to take care of her newborn triplets. c. Cheyenne just received her bachelor's degree in accounting and is going to backpack through Europe for 6 months before seeking employment as an auditor. d. Danitra owns a talent agency which provides clowns for children's birthday parties. e. Edgar is a full-time student and is working 10 hours each week as a lab assistant at Faber College. f. Flavio was awarded a $10 million settlement from his former employer and has chosen to retire.
In making decisions about insurance, a crucial piece of information to know is:
A. how easily you can reduce the risk of experiencing the event you're insuring against. B. how many others will likely be affected by the same risk. C. how catastrophic would the event's occurrence be if the event you're insuring against happened. D. when the event you're insuring against is most likely to occur.