This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If firms have rational expectations and if they set prices and wages on this basis, then on average (Read 71 times)

acc299

  • Hero Member
  • *****
  • Posts: 569
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by acc299 on Apr 19, 2019

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
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.
Answer Preview
Only 56% of students answer this correctly


acc299

  • Member
  • Posts: 569
Reply 2 on: Apr 19, 2019
Excellent

gcook

  • Member
  • Posts: 343
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
The science-based DRIs serve as the basis for information The science-based DRIs serve as the basis for information
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
A random sample of 87 airline pilots recruited by an airline service had an average yearly ... A random sample of 87 airline pilots recruited by an airline service had an average yearly ...
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Average quarterly presidential approval rating, from Eisenhower to Trump Average quarterly presidential approval rating, from Eisenhower to Trump
Video: Steps of glucose catabolism

For a complete list of videos, visit our video library