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

Author Question: If firms have ________ and if they set prices and wages on this basis, then prices and wages will, ... (Read 101 times)

Anajune7

  • Hero Member
  • *****
  • Posts: 574
on: Apr 19, 2019

Question 1

People are said to have ________ if they use all available information in forming their expectations.


◦ rational expectations
◦ insider information
◦ unbiased prognostication
◦ psychic insight

Question 2

If firms have ________ and if they set prices and wages on this basis, then prices and wages will, on average, be set at market-clearing levels.


◦ negative inventories
◦ rational expectations
◦ excess capacity
◦ no competition
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 Anajune7 on Apr 19, 2019

mcni194

  • Sr. Member
  • ****
  • Posts: 311
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


Anajune7

  • Hero Member
  • *****
  • Posts: 574
Reply #2 on: Apr 19, 2019
Thanks


mcni194

  • Sr. Member
  • ****
  • Posts: 311
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Gasoline prices Gasoline prices
Prices for Cotton and for Slaves, 1802–1860 Prices for Cotton and for Slaves, 1802–1860
J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Simple harmonic motion also forms the basis for understanding mechanical waves Simple harmonic motion also forms the basis for understanding mechanical waves
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Ratio of College Wages to High-School Wages Ratio of College Wages to High-School Wages
Video: Virtual Tour of the Heart

For a complete list of videos, visit our video library