Multiple Choice
Suppose the inflation rate has risen 0.5 percent a year for the past three years.Using this experience an individual forecasts a 0.5 percent rise in the coming year's inflation rate.This is an example of:
A) traditional expectations.
B) rational expectations.
C) adaptive expectations.
D) reflective expectations.
E) deductive expectations.
Correct Answer:
Verified
Correct Answer:
Verified
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