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    Economics Study Set 8
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    Exam 34: Inflation, Deflation, and Macro Policy
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    According to the Text, If Individuals Base Their Expectations on the Past
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According to the Text, If Individuals Base Their Expectations on the Past

Question 61

Question 61

Multiple Choice

According to the text, if individuals base their expectations on the past, we could say that their expectations are:


A) rational.
B) historical.
C) adaptive.
D) regressive.

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