An economic policy has a decent chance of working as intended, if ________
A) the policy causes no change in expectations
B) if mistaken expectations are not very costly
C) the rationale behind the policy is well-understood by the public
D) expectations are formed in the same way by both the public and the policymakers
D
Economics
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Explain liabilities and assets as they relate to a bank's balance sheet
What will be an ideal response?
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How does the price range affect the elasticity of demand for a product?
(A) Price range has little or no effect on elasticity of demand for a good. (B) Demand for a good can be elastic at a low price but inelastic at a high price. (C) Demand for all goods is elastic if the price is low enough. (D) Demand for a good can be inelastic at a low price, but elastic at a high price.
Economics