According to the Rational Expectationists

question 98

Multiple Choice

According to the rational expectationists

• A)the so-called recessionary and inflationary gaps of the 1970s did not exist.
• B)even if there were a recession or substantial inflation,the best government policy would be to do nothing.
• C)the dramatic oil price shocks of 1973 and 1979 created declines in aggregate supply,lowering the natural level of real GDP.
• D)the prime economic mover is aggregate supply,not aggregate demanD.
• E)All of the choices/statements are truE.

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Definitions:

Earn Their Trust

The process of establishing credibility and reliability with others to foster confidence in one’s intentions and actions.

Employee Retention

The efforts and strategies employers use to keep their employees from leaving their jobs, often involving improving job satisfaction.

Community Beautification

Efforts and initiatives aimed at improving the physical appearance of a town, neighborhood, or city to enhance quality of life and community pride.

Parks and Planters

Initiatives or projects focused on creating or enhancing green spaces, such as parks and planter boxes in urban environments, for aesthetic, environmental, and community benefits.