If people behave according to rational expectations theory, people would expect the rate of inflation this year to be:
a. the same as last year.
b. zero, regardless of the rate last year.
c. the rate based on predictable monetary and fiscal policies.
d. All of these.
c
Economics
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Second-degree price discrimination is the practice of charging
A) the reservation price to each customer. B) different prices for different quantity blocks of the same good or service. C) different groups of customers different prices for the same products. D) each customer the maximum price that he or she is willing to pay.
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