If people assume that future rates of inflation will follow the pattern of inflation rates in the past, they are said to have
A) rational expectations. B) accommodative expectations.
C) unstable expectations. D) adaptive expectations.
Question 2
Ceteris paribus, in the long run, a negative supply shock causes
A) the long-run aggregate supply curve to shift to the left.
B) unemployment to fall below its short-run level.
C) equilibrium real GDP to fall.
D) the price level to rise initially, and then return to its lower level.
A king cheetah showing its distinctive coat pattern
Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Future Nurses
Creede, Colorado, circa 1890, a rough silver mining town that grew from 660 people in 1889 to over 1
Independent assortment for two traits in humans follows the same pattern of inheritance as traits in
Prevalence rates of obesity in the United States, 2014