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Author Question: If firms have rational expectations and if they set prices and wages on this basis, then on average (Read 76 times)

acc299

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on: Apr 19, 2019

Question 1

If firms have rational expectations and if they set prices and wages on this basis, then prices and wages


◦ will always be at market-clearing levels.
◦ will, on average, be set at market-clearing levels.
◦ will always be above market-clearing levels.
◦ will never be set at market-clearing levels.

Question 2

If firms have rational expectations and if they set prices and wages on this basis, then on average


◦ prices and wages will be set at levels that do not clear the goods and labor markets.
◦ prices will be set at levels that ensure equilibrium in the goods market, but wages will be set at levels that do not clear the labor market.
◦ prices and wages will be set at levels that ensure equilibrium in the goods and labor markets.
◦ wages will be set at levels that ensure equilibrium in the labor market, but prices will be set at levels that do not clear the goods market.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by acc299 on Apr 19, 2019

orangecrush

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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acc299

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Reply 2 on: Apr 19, 2019
Wow, this really help

irishcancer18

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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