Author Question: The belief that the government can do absolutely nothing in either the short run or the long run to ... (Read 76 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
The belief that the government can do absolutely nothing in either the short run or the long run to reduce the unemployment rate, because people will anticipate the government's actions, is held by the:
 a. rational expectations school.
  b. neo-Keynesian school.
  c. classical school.
  d. supply-side school.
  e. Keynesian school.

Question 2

If the rate of inflation in a given time period turns out to be higher than lenders and borrowers anticipated, then the effect will be:
 a. no change in the distribution of wealth between lenders and borrowers.
  b. a net gain in purchasing power for lenders relative to borrowers.
  c. a redistribution of wealth from borrowers to lenders.
  d. a redistribution of wealth from lenders to borrowers.



emsimon14

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

a

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

For a complete list of videos, visit our video library