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

Author Question: The adaptive expectations hypothesis implies that people: a. adjust their expectations quickly to ... (Read 72 times)

rosent76

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
The adaptive expectations hypothesis implies that people:
 a. adjust their expectations quickly to policy changes.
  b. expect the next period to be pretty much like the recent past.
  c. will always be correct in their forecast for the next period.
  d. change their expectations about the future if policy changes.

Question 2

Suppose a market basket of goods and services costs 1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now:
 a. 110.
  b. 1,000.
  c. 1,100.
  d. 1,225.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amynguyen1221

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


rosent76

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
:D TYSM

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Pressure-flow hypothesis for phloem transport Pressure-flow hypothesis for phloem transport
People riding bikes in Netherlands People riding bikes in Netherlands
Some people have begun to “attend” church as avatars. Some people have begun to “attend” church as avatars.
Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ... Determining a good table height. Stand facing the table with your hands at your sides. Adjust the ...
People in poor, urban areas often find themselves in “food deserts" People in poor, urban areas often find themselves in “food deserts"
How the multiple-factor hypothesis accounts for the 1:4:6:4:1 phenotypic ratio How the multiple-factor hypothesis accounts for the 1:4:6:4:1 phenotypic ratio
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library