People can be excluded from consuming public goods

The required reserves of a bank are determined by multiplying the bank's checkable deposits by the required reserve ratio

a. True b. False Indicate whether the statement is true or false

Systematic overestimation or underestimation of inflation will

a. occur under rational expectations but not under adaptive expectations. b. occur under adaptive expectations but not under rational expectations. c. occur under both rational and adaptive expectations. d. not occur under either rational or adaptive expectations.