Suppose the inflation rate has risen 0.5 percent a year for the past three years. Using this experience an individual forecasts a 0.5 percent rise in the coming year's inflation rate. This is an example of:
a. traditional expectations.
b. rational expectations.
c. adaptive expectations.
d. reflective expectations.
e. deductive expectations.
c
Economics
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What are the leading economic indicators supposed to predict?
(A) Business cycles (B) Nonmarket activities (C) Consumer expectations (D) Stagflation
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If an increase in price causes total revenue to decrease, we can conclude that demand is price elastic
Indicate whether the statement is true or false
Economics