Which of the Following Is False

question 53

Multiple Choice

Which of the following is false?

• A)If people can anticipate the plans of policy makers and alter their behavior quickly, their behavior could neutralize the intended impact of government action on real GDP.
• B)The theory of rational expectations leads to optimistic conclusions regarding macroeconomic policy's ability to achieve its intended economic goals.
• C)Rational expectation economists believe that wages and prices are flexible, and that workers and consumers incorporate the likely consequences of government policy changes quickly into their expectations.
• D)Catching consumers and businessmen off-guard with macroeconomic policy changes gets harder the more you try to do it.
• E)None of the above are false; all are true.

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Definitions:

Interdependent Self-Construal

A view of the self as part of a larger social network, where relationships and interconnectedness with others are emphasized.

China

A country in East Asia, known for its vast history, diverse culture, and as being one of the world's oldest civilizations.

Self-Presentation

The process by which individuals attempt to control the impressions others form of them, often through managing their own behavior, appearances, or information in social contexts.

Modesty

The quality of being humble or reserved in behavior, dress, and language.