This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If firms have rational expectations and if they set prices and wages on this basis, then on average (Read 77 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Question 1

If firms have rational expectations and if they set prices and wages on this basis, then prices and wages


◦ will always be at market-clearing levels.
◦ will, on average, be set at market-clearing levels.
◦ will always be above market-clearing levels.
◦ will never be set at market-clearing levels.

Question 2

If firms have rational expectations and if they set prices and wages on this basis, then on average


◦ prices and wages will be set at levels that do not clear the goods and labor markets.
◦ prices will be set at levels that ensure equilibrium in the goods market, but wages will be set at levels that do not clear the labor market.
◦ prices and wages will be set at levels that ensure equilibrium in the goods and labor markets.
◦ wages will be set at levels that ensure equilibrium in the labor market, but prices will be set at levels that do not clear the goods market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by acc299 on Apr 19, 2019

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


acc299

  • Member
  • Posts: 569
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

matt95

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Average Normal Blood Pressure Readings Average Normal Blood Pressure Readings
The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
The Basis of Ethical Principles for Massage Therapists The Basis of Ethical Principles for Massage Therapists
Math Joke: Be Rational, Get Real Math Joke: Be Rational, Get Real
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
A theoretical explanation of the biochemical basis of the four eye color phenotypes A theoretical explanation of the biochemical basis of the four eye color phenotypes
Video: Amniocentesis and CVS Animation

For a complete list of videos, visit our video library