The Rational Expectations Perspective Suggests That

question 88

Multiple Choice

The rational expectations perspective suggests that

• A) fiscal policy is more powerful than monetary policy.
• B) monetary policy is more powerful than fiscal policy.
• C) fiscal and monetary policy are not likely to achieve their stated aims.
• D) fiscal policy works only to the extent that it is accompanied by fully anticipated changes in the money supply.

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Definitions:

Rewards

In psychology, positive reinforcements or incentives given to encourage desired behaviors.

Tokens

In behavior therapy, tangible items given as rewards for performing certain behaviors or achieving specific objectives, part of a token economy system to reinforce desired behavior.

Token Economies

A behavioral therapy technique where desirable behaviors are reinforced with tokens that can be exchanged for privileges or treats.

Staff Cooperation

The collaborative and coordinated effort of staff members working together towards common organizational goals, crucial for enhancing workplace productivity and morale.