According to Rational Expectations Theory, What Information Do Businesses and Workers

question 26

Multiple Choice

According to rational expectations theory, what information do businesses and workers use when they form their expectations regarding inflation?

• A) recent events and data
• B) Keynesian and monetarist models
• C) forecasts by public-and private-sector economists
• D) all the relevant information that is available

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Definitions:

Detail Salesperson

A sales professional who emphasizes product features, benefits, and details to effectively convince prospects.

Account Representative

An individual responsible for managing and maintaining the relationship between a company and its clients.

Retail Salesperson

An individual who sells goods or services directly to customers in a retail setting, assisting them in finding what they are looking for.

Sales Engineer

A sales engineer is a professional who sells complex scientific and technological products or services to businesses.