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    Economics for Business
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    Exam 29: Business Activity, Employment and Inflation
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    When Expectations Are Rational and There Are Institutional Rigidities, Disequilibrium
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When Expectations Are Rational and There Are Institutional Rigidities, Disequilibrium

Question 107

Question 107

True/False

When expectations are rational and there are institutional rigidities, disequilibrium exists only temporarily as a result of random unpredictable shocks.

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