According to rational expectations, expectations will only change in the event that ________
A) wealth changes
B) current income changes
C) permanent income changes
D) unanticipated new information arises
D
Economics
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Which of the following is true?
A) The supply of credit and labor demand are positively correlated. B) The supply of credit and the quantity of real output are unrelated. C) The supply of credit and the quantity of real output are positively correlated. D) The supply of credit and labor demand are negatively correlated.
Economics
The quantity of money is $1 billion, the price level is 1.10, and real GDP is $10 billion. What is the velocity of circulation?
What will be an ideal response?
Economics