Both the permanent-income and life-cycle hypotheses are based on the crucial assumption of ________ expectations
A) rational
B) adaptive
C) backward-looking
D) forward-looking
D
Economics
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Government prohibition of advertising cigarettes on television would most likely result in
A) a rightward shift in the demand curve for cigarettes. B) a leftward shift in the demand curve for cigarettes. C) a rightward shift in the demand curve for television advertising time. D) no change in the market for either cigarette or television advertising.
Economics
When regulating a natural monopoly, the regulating agency should set price equal to marginal cost
a. True b. False
Economics