Author Question: A prediction based on rational expectations ________. A) relies solely on past experience B) ... (Read 75 times)

CORALGRILL2014 · **on:** Jun 30, 2018

A prediction based on rational expectations ________.

A) relies solely on past experience
B) will always be superior to one based on adaptive expectations
C) is based on real, rather than nominal variables
D) will not always be accurate

Question 2

Actual expenditure is to planned expenditure as ________ is to ________.

A) desire; accomplishment
B) aggregate demand; aggregate supply
C) output; income
D) observed; theoretical
E) fluctuation; equilibrium