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pochemuha
3 years ago
14

Proponents of rational expectations argued that the sacrifice ratio:______.a. could be high because people might adjust their ex

pectations quickly if they found anti-inflation policy credible. b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible. c. could be low because it was rational for people not to immediately change their expectations. d. could be high because it was rational for people not to immediately change their expectations.
Business
1 answer:
Arte-miy333 [17]3 years ago
3 0

Answer:

b. could be low because people might adjust their expectations quickly if they found anti-inflation policy credible

Explanation:

In the given situation, it is mentioned that the rational expectations proponets said that the sacrified ratio would be lesser as the people wants to adjust their expectations in a fastest way in the case when they found that the anti-inflation policy is credible

Therefore as per the given situation, the option b is correct

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On the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.

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Answer:

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As per the Constitution, the Federal government reserves the sole right to print currency. This ensures that all the states have a stable medium of exchange thereby allowing goods and services to flow across states undisturbed.

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