Consumers increased consumption by a relatively small amount in 2008 and 2009 because they believed the tax cuts were temporary.
Answer the following statement true (T) or false (F)
True
Economics
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Who appoints the members of the Board of Governors of the Federal Reserve?
(A) The U.S. senate (B) The state legislatures of the states represented (C) The state governors (D) The U.S. President
Economics
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.
Economics