Rational expectations are forecasts
a. that, while not necessarily correct, are the best that can be made given the available data.
b. that are technically correct.
c. that accurately predict the short-term trade-off between inflation and unemployment.
d. made by economists using the most sophisticated econometric models.
a
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An income tax provides an incentive to _____
a. work for large companies b. increase investment c. substitute away from being self-employed d. consume more and save less
Which of the following countries has the highest population in the world?
A) Indonesia B) Russia C) India D) China
Policy that tries to influence target variables by changing the tax rates is called
A) fiscal policy. B) tax rate policy. C) recession policy. D) monetary policy.
As of 2010, to be in the bottom quintile for income distribution in the United States, a family needed in income no more than
A. $35,000. B. $27,000. C. $23,000. D. $15,000.