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.
Variation in coat pattern in zebras. The patterns show progressively more black left to right and to
Observable Universe Before and After Inflation
U.S. Unemployment Rates for Emerging Adults (Ages 16-24)
Older people who exercise cognitive skills, like these chess players, retain those skills well into ...
Typical secondary ignition pattern. Note the lack of firing lines on superimposed pattern.
Government By the People, 2016 Presidential Election, 26th Edition