Here is how I found it out it is asking what does it mean with a 50th percent frequency. So first off we see our top two bars 85-89 and 100-114 these are highest so those should not be in our choices. So this would get rid of choices B, C, and D giving us our answer of A.
New Keynesian economists critique rational expectations by arguing that short-term wage stickiness is brought about by
b. imperfect information and efficiency wages.
Explanation:
The assumption in macroeconomic theories is that economic agents, households, and companies exercise rational expectations. The New Keynesian economics posits that rational expectations have become distorted as a result of market failure, arising from asymmetric information and imperfect competition, thus questioning the ability of markets to self-regulate and self-correct.
