Author Question: Asymmetric information is: A) information revealed by economic agents turns out to be wrong. B) ... (Read 62 times)

Starlight · **on:** Jun 30, 2018

Asymmetric information is:

A) information revealed by economic agents turns out to be wrong.
B) inflation forecasts are systematically to high or too low.
C) some economic agents have more information than others.
D) the government knows less about the economy than households and firms.

Question 2

Maryanne expects to work for another 30 years and expects to live another 10 years after she retires.

If Maryanne completely smooths consumption over her lifetime, for every 1,000 increase in disposable income, she will use ________ for consumption each year. A) 100
B) 333
C) 667
D) 750