Rational expectations theory is also known as the Friedman fooling theory

Indicate whether the statement is true or false

False

Economics

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Taking some types of spending "off budget" means

A) eliminating that spending. B) financing the spending by special one-time taxes. C) borrowing to finance it instead of using tax revenue. D) not counting that spending as part of the official budget.

Economics

Refer to Scenario 16.3. What is the relative price of tee shirts to candy?

A) $2.25 B) $2 C) $1.40 D) The relative price will be between $2.25 and $1.40. E) It is impossible to determine.

Economics