A chief criticism of adaptive expectations is that
A) it assumes people ignore information that would be useful in making forecasts
B) people have a hard time adapting
C) it doesn't rely on technical analysis
D) it violates the efficient markets hypothesis
A
You might also like to view...
When government outlays exceed tax revenues, the situation is called a budget
A) surplus. B) deficit. C) with a negative balance. D) with no balance. E) debt.
Using average price and average quantity, calculate the price elasticity of demand if a price rise from $8 to $10 and decreases the quantity demanded from 20 units to 15 units. The price elasticity of demand equals
A) 2.5. B) 1.29. C) 0.78. D) 0.06
In which of the following periods did fiscal spending on national defense as a percentage of GDP increase?
a. In the 1990s, after the dotcom bubble burst b. After World War I c. In 2007, during the Great Recession d. In the 1980s, near the end of the Cold War
Harun earned $50,000 in salary and paid $10,000 in federal taxes. If he receives $2,000 in interest payments from municipal bonds,
A. his marginal tax rate will be about 19.2 percent. B. his average tax rate will fall. C. his marginal tax rate will remain constant. D. his marginal tax rate will be 20 percent.