According to the rational expectations hypothesis, an individual's assessment of future economic performance
A) considers both past performance and current monetary and fiscal policy.
B) only considers past performance.
C) does not consider the impact of inflation.
D) does not consider past performance.
Question 2
Extractive economic institutions are:
A) likely to prevent entrepreneurs with new ideas from entering into the right line of business.
B) likely to encourage entrepreneurs with new ideas from entering into the right line of business.
C) found only in market economies.
D) found only in command economies.
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