Which of the following statements was probably made by an adherent of rational expectations?
a. It is rational to pursue any full employment policy because more employment is better than less
b. Unemployment is clearly a case of market failure.
c. Programs designed to stimulate employment will only stimulate the price level with no employment gain.
d. It is inhumane to have a single person unemployed whatever the inflation cost.
c
Economics
You might also like to view...
Site value taxation _____
a. taxes improvements to land b. taxes the assessed value of land c. taxes the locational value of land d. a and c
Economics
Which of the following is the profit-maximizing condition for a monopolist?
a. P = AR = MR = MC b. MR > MC c. P = AR > MR = MC d. MR < MC
Economics