The _________ hypothesis is based on the assumption that the best indicator of the future is what has happened in the past.
Fill in the blank(s) with the appropriate word(s).
adaptive expectations
Economics
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Describe the four determinants of exchange rates in the long run
What will be an ideal response?
Economics
Suppose that Y = 4,000 and we are at a point on the money demand schedule where (M/P) = 600. Should Y rise to 4,200, the same quantity of real money balances
A) will not be demanded under any conditions. B) will be demanded again provided the interest rate does not change. C) will be demanded again provided the interest rate rises by a certain amount. D) will be demanded again provided the interest rate falls by a certain amount.
Economics