The Idea That People Make Economic Decisions Using All Available

question 39

Multiple Choice

The idea that people make economic decisions using all available past and current information is the basis of

• A) the downward-sloping Phillips curve.
• B) the adaptive expectations theory.
• C) the vertical Phillips curve.
• D) the rational expectations theory.
• E) supply-side economics.

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Definitions:

Letters

Brief written messages sent to customers and other recipients outside an organization.

Customers

Individuals or entities that purchase goods or services from a business.

Topic

The overall subject of a message.

Main Idea

The central or most important point that a writer or speaker aims to communicate in a text or speech.