In the Rational Expectations View

question 183

Multiple Choice

In the rational expectations view,

• A) wages are flexible downward but prices are inflexible downward.
• B) prices are flexible downward but wages are inflexible downward.
• C) discretionary policy tends to be countercyclical.
• D) discretionary policy tends to be ineffective.

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Definitions:

JApplet

A component for creating Java applets, which are small applications designed to be run in a web browser or applet viewer.

Class

A blueprint or template for creating objects in object-oriented programming, defining the state and behavior that the objects of the class all share.

Extended

In software development, "Extended" refers to versions or features that add additional capabilities beyond the basic or standard offerings.

JComboBox

A component in Java Swing that displays a drop-down list of choices and allows the user to select one.