_________ believe that people make well-reasoned and self-interested decisions based upon available information.

Fill in the blank(s) with the appropriate word(s).

The rational expectationists

Economics

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General equilibrium occurs in autarky at the point where the community indifference curve intersects the production possibilities frontier

Indicate whether the statement is true or false

Economics

Which of the following statements is true

a. in market equilibrium there are unconsummated value-creating transactions b. in market equilibrium there are unconsummated wealth-destroying transactions c. in market equilibrium there are no unconsummated wealth-creating transactions d. none of the above

Economics