When expectations are rational, a. a foreseen expansionary policy act
When expectations are rational,
a. a foreseen expansionary policy action does not alter output.
b. there cannot be any inflation.
c. a foreseen expansionary policy action changes output.
d. there is zero unemployment.
ANSWER
A
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.