Under the rational expectations hypothesis, if wages adjust rapidly to new information about intended policy actions, monetary policy can have an effect
A) in the long run, but not the short run.
B) only in the short run and only if the policy is unanticipated.
C) in both the short and the long run.
D) only in the long run and only if the policy is fully anticipated.
B
Economics
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Monetary policy is expected to have its greatest impact on:
A. X n . B. I g . C. C. D. G.
Economics
Which statement is true?
A. A majority of union members in the United States are members of public employees unions. B. A majority of workers in the United States are members of labor unions. C. Labor union membership is especially high in most Southern states. D. None of the statements are true.
Economics