People Are Said to Have Rational Expectations If They

question 220

Multiple Choice

People are said to have rational expectations if they

• A) use all available information in forming their expectations.
• B) assume that this year's inflation rate will be equal to the average inflation rate over the past 10 years.
• C) merely guess at the inflation rate.
• D) assume that this year's inflation rate will be the same as last year's inflation rate.

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Definitions:

Mitral Valve

A valve in the heart located between the left atrium and left ventricle that allows blood to flow one way: from the atrium into the ventricle.

Aortic Semilunar Valve

A valve in the heart located between the left ventricle and the aorta, preventing backflow of blood into the left ventricle.

Left Atrium

The upper left chamber of the heart that receives oxygenated blood from the pulmonary veins and pumps it into the left ventricle.

Frontal/Coronal Section

A type of anatomical view or slice that divides the body or organ into anterior and posterior parts.