Author Question: Believers in the hypothesis of rational expectations argue that: a. expansionary fiscal and ... (Read 76 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
Believers in the hypothesis of rational expectations argue that:
 a. expansionary fiscal and monetary policy can reduce unemployment without creating inflation.
  b. a trade-off exists between unemployment and inflation even in the long run.
 c. the Phillips curve is vertical even in the short run for expected changes in inflation.
 d. the Phillips curve is downward sloping even in the long run.

Question 2

What has been one of the results of globalization experienced by Eastern European nations after the fall of their socialist regimes?
 a. All traces of their traditional culture have disappeared.
  b. These countries have attracted foreign investment from industrialized countries, which have transferred cleaner technologies and thus, improved environmental quality.
  c. These countries have not yet adapted to capitalism, and a majority support a new movement to return to communism.
  d. Most national forests have been destroyed by multinational companies.
  e. Many new diseases have been introduced because of increased contact with the West.



smrerig

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

c

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

For a complete list of videos, visit our video library