When people use recent information to gradually adjust their ...

[mmm]

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.

[bassamabas]

Answer to Question 1

b

Answer to Question 2

d

[mmm]

Thanks for the timely response, appreciate it

[ghepp]

YES! Correct, THANKS for helping me on my review