Non-Activists Believe That That Expectations Are ________ Formed and That

question 62

Multiple Choice

Non-activists believe that that expectations are ________ formed and that wages and prices are ________ with respect to the expected price level.

• A) adaptively; completely flexible
• B) adaptively; sticky
• C) rationally; completely flexible
• D) rationally; sticky

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Definitions:

Visual Preference

The tendency to preferentially pay attention to certain visual stimuli over others, often studied in the context of infant and child development.

Stimulus

Any external or internal event or factor that can provoke a response from an organism or a system.

High-Amplitude Sucking

A method used in developmental research where infants control the presentation of stimuli by varying their sucking strength.

Attention

The act of focusing thought or consciousness on a specific subject or activity.