The theory of rational expectations calls for monetary policy rules because:
A. Of past policy errors
B. Policy tends to be countercyclical
C. Of the inability to time policy decisions
D. Of the reaction of the public to the expected effects of policy
D. Of the reaction of the public to the expected effects of policy
Economics
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Stagflation refers to a period of staggering economic growth combined with very low inflation rates
Indicate whether the statement is true or false
Economics
The industrially advanced nations had an average per capita income in 2010 of around:
A. $50,000 per person B. $27,000 per person C. $39,000 per person D. $61,000 per person
Economics