According to rational expectations theory, which of the following is the best approach to lower the inflation rate?
a. Preannounced stable government policies.
b. Unpredictable government policies.
c. First predictable and then unpredictable government policies.
d. None of these.
a
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For country North, the opportunity cost incurred when 3 tractors are produced is 21 watches. For country South, the opportunity cost incurred when 5 tractors are produced is 100 watches
Which country has the comparative advantage in the production of tractors? A) South B) North C) Both have the comparative advantage in the production of tractors. D) Neither country has the comparative advantage in the production of tractors. E) More information is needed about which country has the comparative advantage in the production of watches.
The agency in charge of environmental law is the Environmental Protection Agency
a. True b. False Indicate whether the statement is true or false