If expectations about inflation are adaptive, they are ________
A) formed by looking at the future
B) likely to change rapidly
C) based on past inflation
D) all of the above
E) none of the above
C
You might also like to view...
Changing prices cause changes in the supply of a good and therefore result in movements along a given supply curve
a. True b. False Indicate whether the statement is true or false
__________ and __________ quotation are also referred to as American and European Quotes.
Fill in the blank(s) with the appropriate word(s).
Of all federal receipts (tax receipts and borrowing) about _____ comes from the payroll tax.
Fill in the blank(s) with the appropriate word(s).
Asset price inflation can be a problem because it:
A. gives people the illusion that their real wealth has decreased more than it really has. B. gives people the illusion that their real wealth has increased more than it really has. C. typically increases at the same rate as goods price inflation. D. makes people switch their resources from risky investments to conservative investments.