Economic agents have an incentive to formulate expectations rationally
A) because ignoring information is usually costly.
B) to increase prices.
C) to reduce wages.
D) to ensure that all expectations are realized.
A
Economics
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The short-run Phillips curve is based on the classical dichotomy
a. True b. False Indicate whether the statement is true or false
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A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.
Economics