Multiple Choice
The new classical macroeconomists believe that people should form expectations by
A) actually seeking to forecast the future.
B) assuming that the future will be like the past.
C) assuming that the future will be like the present.
D) overlooking information that allows them to make more accurate forecasts.
Correct Answer:

Verified
Correct Answer:
Verified
Q223: Refer to Figure 17.3. Suppose the economy
Q224: Which of the following schools of economic
Q225: Most empirical data support the idea that
Q226: If nominal GDP is $1.2 trillion, velocity
Q227: John Maynard Keynes emphasized the problem that
Q229: Nearly $2 trillion was added to the
Q230: When expectations are rational, disequilibrium in the
Q231: If tax rates are cut so that
Q232: Related to the Economics in Practice on
Q233: Monetarists believe that real output is determined