Which of the Following Statements Is (Are)correct

question 19

Multiple Choice

Which of the following statements is (are) correct?

• A)Rational expectations imply rational voters that make do not make mistakes.
• B)The partisan model of fiscal policy are consistent with rational expectations
• C)short-sighted behavior in voting is inconsistent with rational expectations.
• D)The earliest political business cycle models assumed that expectations were always rational.
• E)none of the above.

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Definitions:

Communicating

The process of conveying information or expressing ideas and feelings to others through verbal, non-verbal, written, or digital means.

Mental Activities

Tasks and processes that involve the mind, such as thinking, reasoning, remembering, and imagining.

Assimilation

Interpreting our new experiences in terms of our existing schemas.

Accommodation

In psychology, the process of modifying cognitive schemas to incorporate new information.