If a Forecast Is Made Using All Available Information,then Economists

question 58

Multiple Choice

If a forecast is made using all available information,then economists say that the expectation formation is

• A)rational.
• B)irrational.
• C)adaptive.
• D)reasonable.

---

Definitions:

Low-Level Language

A Low-Level Language is a programming language that provides little or no abstraction from a computer's instruction set architecture, closer to machine code.

% Modulus

The operator used in arithmetic to find the remainder of division between two integers.

Common Use

A term describing typically frequent or widespread application or utilization of something.

Executable Java Program

A Java application that has been compiled into bytecode, capable of running on the Java Virtual Machine (JVM), making it platform-independent.