Because of voter rational ignorance, the government might not produce the efficient quantity of a public good

The consumption function shows

A) a positive relationship between an individual's stock of wealth and his level of planned consumption. B) a negative relationship between planned consumption and aggregate saving. C) a positive relationship between disposable income and planned consumption. D) a negative relationship between disposable income and planned consumption.

Overshooting occurs because:

a. expectations adjust slower than prices. b. expectations adjust at the same rate as prices. c. expectations adjust faster than prices. d. expectations do not adjust.