The rational expectations hypothesis implies that discretionary macro-policy will:
a. be ineffective, even in the short run.
b. be effective in the short run but ineffective in the long run.
c. be effective both in the short run and long run.
d. make it possible to trade-off a higher rate of inflation for a lower rate of unemployment.
a
Economics
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A positive externality occurs whenever:
a. an increase in the output of one firm lowers costs for other firms. b. a decrease in the output of one firm lowers costs for other firms. c. an increase in costs of one firm lowers costs for other firms. d. a decrease in one firm's hiring of labor lowers labor costs for other firms.
Economics
List the four main factors of production
What will be an ideal response?
Economics