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Author Question: In countries that have a high degree of employment protection as measured by the World Bank's ... (Read 97 times)

scienceeasy

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on: Jun 29, 2018
In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year.
 
  A) 5
  B) 16
  C) 27
  D) 43

Question 2

What do people base their expected inflation rate upon?
 
  What will be an ideal response?


jasonq

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

People's expected inflation rate depends on the recent data about inflation, that is, on their recent experiences with inflation. It also depends on economic principles that help to interpret the data of recent experience. People form a rational expectation of the inflation rate, which is the inflation forecast resulting from using all the relevant data and economic science.


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