Which of the Following Statements Was Probably Made by an Adherent

question 95

Multiple Choice

Which of the following statements was probably made by an adherent of rational expectations?

• A)​It is rational to pursue any full employment policy because more employment is better than less.
• B)​Unemployment is clearly a case of market failure.
• C)​Programs designed to stimulate employment will only stimulate the price level with no employment gain.
• D)​It is inhumane to have a single person unemployed whatever the inflation cost.

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Definitions:

Weight Loss

The process of losing body mass, generally by reducing fat, through diet, exercise, or a combination of both.

Blood Insulin

A hormone produced by the pancreas that regulates glucose levels in the blood.

Increase Appetite

A condition or response where there is a rise in the desire to eat or consume food, often triggered by physical, emotional, or environmental factors.

Glucose Stored

The accumulation of glucose in the body, primarily in the liver and muscles, in the form of glycogen for energy storage.