According to the Theory of Rational Expectations,the "Fooling" of Workers

question 49

Multiple Choice

According to the theory of rational expectations,the "fooling" of workers in Friedman's model

• A)is rational,since sudden unforeseeable changes in aggregate demand can and do occur.
• B)is rational,since workers are always on their labor supply curve.
• C)is not rational,since workers should learn to immediately link unexpected wage changes to wrongly-forecast price levels.
• D)is not rational,since workers are often thrown off of their labor supply curve.

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Definitions:

Synovial Joints

Synovial joints are the most movable type of joint in the body, characterized by a cavity filled with synovial fluid, which allows for smooth movement between the bones.

Discoidal

Pertaining to a disc-like shape; often used to describe the shape of certain blood cells, notably red blood cells, or other structures.

Vertebrae

refer to the individual bones that stack to form the vertebral column, or spine, providing structural support and protecting the spinal cord.

Medial Condyles

Rounded protrusions found at the distal end of the femur or tibia, involved in forming the knee joint and aiding in its movements.