When expectations are rational,
a. a foreseen expansionary policy action does not alter output.
b. there cannot be any inflation.
c. a foreseen expansionary policy action changes output.
d. there is zero unemployment.
A
Economics
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a. Controls the money supply. b. Clears checks. c. Regulates banks. d. Holds gold belonging to foreign governments. e. All of these.
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It is perfectly legitimate for the United States to pass laws requiring that all food products or cars sold in the United States meet certain safety standards approved by the United States government as long as they have some ___________ basis.
a. environmental b. scientific c. political d. subjective
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