If people made an assumption that future rates of inflation will follow the pattern of inflation rates in the past, they are said to have an adaptive expectation.
`Adaptive expectation is an economic theory that emphasizes the role of previous occurrences in forecasting future results. Predicting inflation is a common example. According to adaptive expectations, if inflation increases in the previous year, consumers will anticipate more inflation in the next year.
Pe = Pt -1 is a simple formula for adaptive expectations. This indicates that respondents anticipate inflation to be similar to last year.
The model makes the simple assumption that individuals base their estimates of the future on what has already occurred. In the actual world, previous behavior is just one of many variables that affect present and future actions. Particularly whether inflation is trending higher or lower, adaptive expectations are limited. Due to these restrictions, rational expectations were formed, which took a variety of elements into account while making decisions.
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Answer:
to norwest shoe company has to retail stores
Answer:
b. just-in-time inventory management
Explanation:
Just in Time (JIT) inventory relates to an inventory control program with the goal of making inventory conveniently able to meet demand, just not to the extent of overload where you have to store extra items. JIT inventory has been used to better cut costs, open up storage space, and reduce error levels.
Answer:
D. property cannot be sold to a woman.
Explanation:
In order for a deed restriction to be valid, it cannot discriminate against any specific race, gender, ethnic origin, sexual preference, etc. In this case, a deed restriction that prohibits a property from being sold to women discriminates against women and therefore, it cannot be enforced. Other examples include old deed restriction forbidding properties to be sold to African Americans, Irish descendants, Italians, etc.
D. Strategic is the answer for this question