If firms and households form their expectations about inflation by looking at past inflation, this form of expectations formation is known as ________ expectations

If you split your dessert with your date, you are using a ________ allocation method

A) first-come, first-served B) sharing equally C) contest D) personal characteristics E) command

Consider the impact of an increase in labor-enhancing technology within the classical model. Provide graphs to illustrate what happens to real wages, labor, output, and the price level

What will be an ideal response?