According to Rational Expectations Theory, Predictable Expansionary Monetary and Fiscal

question 117

Multiple Choice

According to rational expectations theory, predictable expansionary monetary and fiscal policies to reduce the unemployment rate are:

• A)desirable because the result is to lower inflation.
• B)harmful because the only result is higher inflation.
• C)ineffective on the price level.
• D)None of these.

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Definitions:

Big Five Dimensions

An approach that breaks down human personality into five major categories: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Organizational Citizenship Behaviours

are discretionary actions by employees that are not directly part of their job descriptions but contribute to the effectiveness and efficiency of the organization.

Job Performance

The evaluation of the efficiency, effectiveness, and quality of an employee's work in fulfilling their job responsibilities and objectives.

Big Five Dimensions

A model outlining five broad dimensions used to describe human personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism.