Refer to Scenario 1-4. Using marginal analysis terminology, what is another economic term for the incremental cost of producing the last 500 cigars?

Extrapolating past values of a variable to the present is the practice of __________ expectations, which is fairly common among __________ economists

A) adaptive; New Classical B) adaptive; Keynesian C) rational; New Classical D) rational; Keynesian

Unlike a banking crisis, an exchange rate crisis rarely results in a deep recession

Indicate whether the statement is true or false