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kozerog [31]
2 years ago
10

which view of the macroeconomy suggests that the speed of adjustment Purcell correction would be very quick

Physics
1 answer:
horsena [70]2 years ago
7 0

Rational expectations theory suggests that the speed of adjustment Purcell correction would be very quick.

<h3>What Is Rational Expectations Theory?</h3>

The rational expectations theory is a widely used concept and modeling technique in macroeconomics. Individuals make decisions based on three primary factors, according to the theory: their human rationality, the information available to them, and their past experiences.

The rational expectations hypothesis was originally suggested by John (Jack) Muth 1 (1961) to explain how the outcome of a given economic phenomena depends to a certain degree on what agents expect to happen.

  • People who have rational expectations always learn from their mistakes.
  • Forecasts are unbiased, and people make decisions based on all available information and economic theories.
  • People understand how the economy works and how government policies affect macroeconomic variables like the price level, unemployment rate, and aggregate output.

To learn more about Rational expectations theory from the given link

brainly.com/question/16479910

#SPJ4

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How does the force of gravity and the force of earth contribute to africa's poverty?
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Explanation:

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What is Elasticity? (best answer will get marked brainliest)
Firdavs [7]

Answer:

In economics, elasticity is the measurement of the percentage change of one economic variable in response to a change in another.

An elastic variable (with an absolute elasticity value greater than 1) is one which responds more than proportionally to changes in other variables. In contrast, an inelastic variable (with an absolute elasticity value less than 1) is one which changes less than proportionally in response to changes in other variables. A variable can have different values of its elasticity at different starting points: for example, the quantity of a good supplied by producers might be elastic at low prices but inelastic at higher prices, so that a rise from an initially low price might bring on a more-than-proportionate increase in quantity supplied while a rise from an initially high price might bring on a less-than-proportionate rise in quantity supplied.

Elasticity can be quantified as the ratio of the percentage change in one variable to the percentage change in another variable, when the latter variable has a causal influence on the former. A more precise definition is given in terms of differential calculus. It is a tool for measuring the responsiveness of one variable to changes in another, causative variable. Elasticity has the advantage of being a unitless ratio, independent of the type of quantities being varied. Frequently used elasticities include price elasticity of demand, price elasticity of supply, income elasticity of demand, elasticity of substitution between factors of production and elasticity of intertemporal substitution.

Elasticity is one of the most important concepts in neoclassical economic theory. It is useful in understanding the incidence of indirect taxation, marginal concepts as they relate to the theory of the firm, and distribution of wealth and different types of goods as they relate to the theory of consumer choice. Elasticity is also crucially important in any discussion of welfare distribution, in particular consumer surplus, producer surplus, or government surplus.

In empirical work an elasticity is the estimated coefficient in a linear regression equation where both the dependent variable and the independent variable are in natural logs. Elasticity is a popular tool among empiricists because it is independent of units and thus simplifies data analysis.

A major study of the price elasticity of supply and the price elasticity of demand for US products was undertaken by Joshua Levy and Trevor Pollock in the late 1960s..

4 0
3 years ago
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The intensity level is 65 db at a distance 5.00 m from a barking dog. What would be a reasonable estimate for the intensity leve
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Answer:

68 db

Explanation:

Since now instead of one two dogs are barking simultaneously close to each other, therefore we take n =2.

Ignoring interference effects, the barking of two dogs result in a higher level of intensity which is given by,

β(db)=10×㏒(2)

=3 db

So, a reasonable estimate for the raised Intensity Level is: 65db+3db = 68db

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