Which of the Following Should Not Be Included in a List

question 14

Multiple Choice

Which of the following should not be included in a list of fundamental results derived from modern macroeconomic theory?

• A) People form expectations of the future based on unbiased processing of all available information gleaned from their individual and collective experiences.
• B) It is useful to describe macroeconomic policy as a set of policy rules: active, passive, and in some cases) discretionary.
• C) Policy effectiveness depends on its credibility.
• D) All of the above should be included in a list of fundamental propositions.
• E) None of the above should be included in a list of fundamental propositions.

---

Definitions:

Finished Goods

Items that are finished being made and can now be purchased by consumers.

Work-in-progress

Refers to the materials and goods that are in the process of being manufactured but are not yet completed.

Raw Materials

The unprocessed or minimally processed materials required to manufacture goods, often natural resources like wood, ores, and oil.

Finished Goods

Products that have completed the manufacturing process and are ready to be sold.