If the Markets in the Economy Are Characterized by Rational

question 99

Multiple Choice

If the markets in the economy are characterized by rational expectations,then

• A)predictable changes cause neither the AD nor the SAS curves to shift.
• B)predictable changes in monetary policy are ineffective in changing output.
• C)unpredictable monetary policy is ineffective in changing prices.
• D)unpredictable fiscal policy is ineffective in changing prices.

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Definitions:

Transvestite

Transvestite is a term, now considered outdated and pejorative, for a person who dresses in clothes typically associated with the opposite gender, primarily for expressive or performative purposes.

Transsexual

An individual whose gender identity does not align with their biological or assigned sex at birth, often seeking to transition to the gender they identify with through medical interventions.

Hormone Treatments

Medical therapies aimed at adjusting or replacing hormones in the body, often used in gender affirming procedures or to treat hormonal imbalances.

Aesthetic Surgeries

Surgical procedures aimed at enhancing or modifying one's appearance for cosmetic rather than medical reasons.