[Solved] The assumption of adaptive expectations for inflation means that people will form their expectations of inflation by: A) taking all information into account using the best economic model available. B) asking the opinions of experts. C) basing their opinions on recently observed inflation. D) flipping a coin. Controversy: A prolonged public dispute, debate, or contention regarding a matter of differing opinions or beliefs, often involving emotional or strong reactions. Transvestites: People who wear clothing traditionally associated with the opposite sex, often for personal, stylistic, or erotic reasons. Transvestism: The habit of wearing clothes and behaving in a way typically linked to the opposite gender. Rarity: A measure of how uncommon or infrequent something is.