The fact that private sector economic agents cannot be systematically fooled by economic policymakers is implied by

A) the Phillips curve.
B) time inconsistency.
C) commitment.
D) the rational expectations hypothesis.

D

Economics

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Two groups of consumers have different valuations of the two monopoly products you as a monopolist have bundled together. If their valuations for the two products are proportional, i.e. Group A's valuation of X is $10 and Y is $15, while Group B's valuation of X is $20 and Y is $30, bundling the products will be more profitable for the monopolist

Indicate whether the statement is true or false

Economics

Infrastructure is best illustrated by:

A. farm equipment. B. school buildings and highways. C. machinery and equipment for the production of consumer goods. D. government tax revenues.

Economics