The Rational Expectations Concept Is Most Closely Associated with

question 36

Multiple Choice

The rational expectations concept is most closely associated with

• A)Keynesians.
• B)Monetarists.
• C)Supply-siders.
• D)New classical macroeconomists.

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Definitions:

Timid

Showing a lack of courage or confidence; easily frightened.

Prejudice

Preconceived opinion that is not based on reason or actual experience; bias or discrimination against an individual or group.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Ambiguity

The quality of being open to more than one interpretation; lack of definiteness or certainty in meaning.