Author Question: Under a market system, the people with information about buyers' desires, production technology and ... (Read 99 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
Under a market system, the people with information about buyers' desires, production technology and resources make the decisions.
 
  Indicate whether the statement is true or false

Question 2

Under the rational expectations hypothesis, if wages adjust rapidly to new information about intended policy actions, monetary policy can have an effect
 
  A) in the long run, but not the short run.
  B) only in the short run and only if the policy is unanticipated.
  C) in both the short and the long run.
  D) only in the long run and only if the policy is fully anticipated.


akudia

  • Sr. Member
  • ****
  • Posts: 347
Answer to Question 1

TRUE

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

For a complete list of videos, visit our video library