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Home Q & A Board Other Fields Homework Help Business Economics
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Frost Frost
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5 years ago

Question 1.

The economic view that retains the assumption of rational expectations but drops the assumption of completely flexible prices and wages is called



▸ new Keynesian economics.

▸ supply-side economics.

▸ monetarism.

▸ real business-cycle economics

Question 2.

The hypothesis that people know the "true model" of the economy and that they use this model to form their expectations of the future is the



▸ real business cycle hypothesis.

▸ Lucas supply function hypothesis.

▸ rational-expectations hypothesis.

▸ Laffer hypothesis.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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ShaeTime3ShaeTime3
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Frost Author
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5 years ago
Brilliant
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