Under the leadership of Federal Reserve Chairman, _______________, the double-digit inflation of the 1970s and early 1980s was finally reduced using policies advocated by monetarists

When individuals use all available information about an economic variable to make a decision, expectations are

A) rational. B) overestimates of reality. C) underestimates of reality. D) accurate.

A person who voluntarily quits his/her job in New York and expects to get a similar job in Los Angeles is an example of:

a. structural unemployment. b. cyclical unemployment. c. durational unemployment. d. frictional unemployment.