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:

Tyranny of the Shoulds

A concept in psychology describing the oppressive burden of impossible expectations and standards one imposes on oneself, often leading to stress and unhappiness.

Jonah Complex

The fear that maximizing our potential will lead to a situation with which we will be unable to cope.

Neurotic Needs

Neurotic needs are compulsive attachments or strategies that individuals develop to cope with feelings of insecurity and anxiety, according to psychoanalytic theories.

Irrational Defenses

Mental strategies that are logically flawed used by individuals to protect themselves from feelings of anxiety or guilt.