Author Question: The hypothesis that people combine the effects of past policy changes on important economic ... (Read 103 times)

kfurse · **on:** Jun 30, 2018

The hypothesis that people combine the effects of past policy changes on important economic variables with their own judgment about the future effects of current and future policy changes is the basis of the

A) short-run Phillips curve hypothesis. B) rational expectations hypothesis.
C) demand-pull inflation hypothesis. D) adaptive hypothesis.

Question 2

Refer to the table above. If the firm decides to choose factory Far over Close, what is its marginal opportunity cost of transporting products to the market?

A) 150 B) -200 C) 50 D) 100