Multiple Choice
Herbert Simon believed that the public uses rules of thumbs to predict inflation in the future because:
A) inflation is usually constant.
B) the public lacks the sophistication needed to analyze the complexity of the economy.
C) he believes that the public is irrational.
D) the economy moves in very predictable ways.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: Hyperinflation occurs because of:<br>A) excessive consumption.<br>B) excessive
Q89: High money supply growth is generally the
Q90: Inflation cannot continue indefinitely without increases in
Q91: An increase in the money supply, holding
Q92: When the Fed randomly increases the money
Q94: The data for the U.S. shows that
Q95: INFLATION-INDEXED BONDS IN THE UNITED STATES<br>Are there
Q96: An increase in inflationary expectations that causes
Q97: The velocity of money is the ratio
Q98: Among developed countries during 1955- 1988, the