A Major Factor in Determining the Rational Expectation of Inflation

question 190

Multiple Choice

A major factor in determining the rational expectation of inflation is

• A) forecasts of fiscal policy.
• B) forecasts of the Fed's monetary policy.
• C) the previous month's unemployment rate.
• D) the recent past behavior of the stock market.
• E) the size of the budget deficit.

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Definitions:

Professionalism

The level of excellence or competence that is expected of a professional in the workplace, characterized by skill, good judgment, and polite behavior.

Larger Cause

A broad, overarching issue or goal that motivates individuals or groups to take action or advocate.

Ethical

Pertaining to or dealing with morals; conforming to accepted standards of conduct.

Persuasive Techniques

Strategies used in communication and rhetoric to influence or convince others to understand, agree with, or act upon a viewpoint.