Author Question: When people use recent information to gradually adjust their forecasts of inflation, they are said ... (Read 71 times)

mmm · **on:** Jun 30, 2018

When people use recent information to gradually adjust their forecasts of inflation, they are said to have:
a. static expectations.
b. adaptive expectations.
c. rational expectations.
d. spiraling expectations.

Question 2

Deflation means a decrease in:
a. the rate of inflation.
b. the prices of all products in the economy.
c. homes, autos, and basic resources.
d. the general level of prices in the economy.