Which of the Following Statements Was Probably Made by an Adherent

question 95

Multiple Choice

Which of the following statements was probably made by an adherent of rational expectations?

• A)​It is rational to pursue any full employment policy because more employment is better than less.
• B)​Unemployment is clearly a case of market failure.
• C)​Programs designed to stimulate employment will only stimulate the price level with no employment gain.
• D)​It is inhumane to have a single person unemployed whatever the inflation cost.

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Definitions:

Chancre

A painless ulcer, particularly associated with the primary stage of syphilis, serving as an early marker of the disease.

Reproductive System

The system in humans and other organisms that works to produce offspring, including organs such as the ovaries and testes.

Urinary System

The urinary system is a group of organs responsible for producing, storing, and expelling urine; it includes the kidneys, ureters, bladder, and urethra.

Gastrointestinal System

The digestive tract and its accessory organs, responsible for the digestion and absorption of nutrients and the expulsion of waste.