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Author Question: The proponents of adaptive expectations believe that: a. there will be a substantial time lag ... (Read 29 times)

ETearle

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on: Jun 30, 2018
The proponents of adaptive expectations believe that:
 a. there will be a substantial time lag before people anticipate the effects of a shift to a more expansionary macro-policy.
  b. macro-policies that stimulate demand and place upward pressure on the general level of prices will temporarily increase output and employment.
  c. discretionary changes in macro-policy can be made in a manner that will reduce the economic ups and downs of a market economy.
  d. all of these are true.

Question 2

Suppose we shopped for a basket of goods in Year 1 and it cost 350 . Suppose the same basket of goods adds up to 385 in Year 2 . If we use Year 1 as a base year, what would be the Year 2 CPI?
 a. 35.
  b. 90.
  c. 100.
  d. 110.
  e. 135.


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leahm14

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


ETearle

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

vickyvicksss

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Reply 3 on: Yesterday
:D TYSM

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