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Author Question: According to the rational expectations theory, if all firms have rational expectations and wages and ... (Read 117 times)

Pineappleeh

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on: Apr 19, 2019

Question 1

If relevant information can be obtained at no cost, people are ________ when they fail to use all available information given that there are usually ________ to making a wrong forecast.


◦ behaving rationally; costs
◦ behaving rationally; no costs
◦ not behaving rationally; costs
◦ not behaving rationally; no costs

Question 2

According to the rational expectations theory, if all firms have rational expectations and wages and prices are flexible, disequilibrium in a market


◦ will never exist.
◦ will only exist in times of high inflation.
◦ will only be temporary.
◦ will be a common occurrence.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Pineappleeh on Apr 19, 2019

cloudre37

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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.
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Pineappleeh

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

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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