When a shift in ________________ occurs, rational expectations hold that its impact on output and employment will only be temporary. a) aggregate supply b) wage levels c) aggregate demand d) price levels

When a shift in ________________ occurs, rational expectations hold that its impact on output and employment will only be temporary. a) aggregate supply b) wage levels c) aggregate demand d) price levels

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter17: The Philips Curve And Expetactions Theory

Section: Chapter Questions

Problem 18SQ

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When a shift in ________________ occurs, rational expectations hold that its impact on output and employment will only be temporary.

a) aggregate supply

b) wage levels

c) aggregate demand

d) price levels

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