The __________ is a regulator of intermediated markets?

Earnings usually reflect a person's productivity. What are factors that cause differences in productivity across people so that earnings differ too?

What will be an ideal response?

According to the rational expectations theory,

a. on average people have very little idea of what to expect from government policy makers. b. people form expectations by focusing only on the private sector. c. people do not consider likely government policies when forming expectations. d. people form expectations, in part, by considering the probable future effects of changes in government policy.