If Workers and Firms Have Rational Expectations,they Form Their Expectations

question 94

Multiple Choice

If workers and firms have rational expectations,they form their expectations using

• A)all the information available to them.
• B)only information from the past.
• C)only information provided to them by the government.
• D)only information gathered from random sources.

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Definitions:

Ironclad Ships

Armored naval vessels introduced in the mid-19th century, marking a significant advancement in naval warfare technology, notable for their role in the American Civil War.

USS Monitor

A significant ironclad warship of the Union during the American Civil War, renowned for its pivotal role in the Battle of Hampton Roads in 1862, marking a revolution in naval warfare.

CSS Virginia

A historic ironclad warship of the Confederate States Navy in the American Civil War, notably partaking in the Battle of Hampton Roads in 1862.

American Red Cross

A humanitarian organization that provides emergency assistance, disaster relief, and education inside the United States, founded by Clara Barton in 1881.