A prediction based on rational expectations ________
A) relies solely on past experience
B) will always be superior to one based on adaptive expectations
C) is based on real, rather than nominal variables
D) will not always be accurate
D
Economics
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Ceteris paribus, an increase in the government's budget deficit will increase the current account deficit
Indicate whether the statement is true or false
Economics
Which of the following is FALSE?
a. Maximizing division profits can sometimes lead to reducing company-wide profits b. Managers of profit centers are usually given a lot of discretion in their decision making c. Profit centers usually require the highest degree of attention by corporate headquarters d. A manager being rewarded on division revenues has the most incentive to make good decisions for his division
Economics