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:

Net Migration

Net effect of immigration and emigration on a particular population; expressed as an increase or decrease.

Demography

Study of the size, composition, distribution, and changes in human population.

United States Census

A nationwide survey conducted every ten years by the federal government to account for the population and gather demographic information used for various purposes, including political representation.

Population Growth

An increase in the number of individuals in a population, often measured by the birth rate minus the death rate plus net migration.