In the rational expectations model, only unexpected or unpredictable changes cause unemployment to deviate from its natural rate
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the security guard knows that the shoplifter has been caught before, his best response would be
a. Being watchful b. Sleeping on the job c. Run d. Hide
Economics
Negative cross-price elasticity of demand indicates that
a. the product is an inferior good b. the product is a necessity c. the product is a luxury d. the two products are substitutes e. the two products are complements
Economics