If People Behave as the Rational Expectations School Thinks They

question 105

Multiple Choice

If people behave as the rational expectations school thinks they do,one result is that adjustments in real output to monetary and fiscal policy changes are

• A)smaller.
• B)larger.
• C)less predictable.
• D)in the opposite direction from that predicted by standard analysis.

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Definitions:

Genomic Imprinting

A genetic phenomenon by which certain genes are expressed in a parent-specific manner, affecting the phenotype of an organism without altering the DNA sequence.

Genotype

The genetic makeup of an organism, comprising all the inherited alleles, that determines specific characteristics or traits.

Reaction Range

The genetically determined limits within which an individual's psychological traits can be shaped by environmental factors.

Language Delay

A developmental delay where a child is behind in acquiring language skills compared to their peers.