When Individuals Use All Available Information About an Economic Variable

question 249

Multiple Choice

When individuals use all available information about an economic variable to make a decision, expectations are

• A)underestimates of reality.
• B)accurate.
• C)rational.
• D)overestimates of reality.
• E)using adaptive expectations.

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Definitions:

Barry Goldwater

An American politician, businessman, and author who was a five-term Senator from Arizona and the Republican Party's nominee for President in 1964.

Domestically

Pertaining to activities, affairs, or products within one's own country, as opposed to international or foreign.