The tendency to deviate from sound long-run plans in the short-run is known as ________
A) the failure of adaptive expectations
B) the failure of rational expectations
C) the time inconsistency problem
D) the NIMBY, or not in my backyard problem
C
Economics
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What are the defining features of monetarist macroeconomics and what policies do monetarist macroeconomists recommend?
What will be an ideal response?
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Picture a linear downward-sloping demand curve. If the price continues to fall, price elasticity will
a. decrease b. increase c. remain unchanged d. approach infinity e. increase or decrease, depending on the character of the good
Economics