One Major Conclusion of the Rational Expectations Theory Is That

question 8

Multiple Choice

One major conclusion of the rational expectations theory is that

• A) macroeconomic policy can be used to fine-tune the economy.
• B) macroeconomic policy has no impact on GDP, even in the short run.
• C) consumers do not always make rational decisions.
• D) citizens cannot rationally expect the government to pursue the proper economic policy.

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Definitions:

Protozoa

An informal group of unicellular, animal-like protists, including amoebas, foraminiferans, actinopods, ciliates, flagellates, and apicomplexans. (The adjectival form is protozoan.)

Means of Transmission

The way in which diseases, pathogens, or information is spread from one individual or place to another.

Choanoflagellates

Choanoflagellates are a group of free-living unicellular and colonial flagellate eukaryotes considered to be the closest living relatives of animals.

Evolutionary Importance

The significance of a trait, organism, or event in influencing the course of evolutionary changes within species over time.