Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true ?

A) A political business cycle is one created by the incentive for politicians to make policies in accordance with benefit-cost analysis.
B) Adaptive expectations theory argues that the best indicator of the future is all of the available information.
C) Incomes policies tend to be very effective over time.
D) Incomes policies include jawboning, wage-price guidelines, and wage-price controls.