Question 1
Related to the E
conomics in Practice on p. 645: Surveys by the bank of England suggest that two important factors in influencing consumer perceptions of inflation are ________ and ________.
◦ the value of the British pound; the value of the euro
◦ food prices; the stock of money
◦ interest rates; the unemployment rate
◦ gas prices; media attention to price increases
Question 2
Traditional treatments of macroeconomic expectations are not consistent with the assumptions of
◦ Keynesian policy.
◦ fiscal policy.
◦ microeconomics.
◦ All of these