If the interest rate is positive, the future value of an interest bearing investment is always larger than the present value

How do you suppose most people form an expectation of future inflation? Is that method consistent with the assumption of adaptive expectations?

What will be an ideal response?

Voters who do not have single-peaked preferences _____

a. prefer outcomes closer to their most preferred outcome to outcomes further away b. do not necessarily prefer outcomes closer to their most preferred outcome to outcomes farther away c. prefer all outcomes the same d. are unable to weigh one outcome against another outcome, regardless of where the outcome is along a one-dimensional continuum