22．According to the adaptive expectations hypothesis, when the inflation rate is accelerating, individuals would be most likely to:
Select exactly 1 answers from the following:
A. overestimate the future inflation rate.
B. underestimate the future inflation rate.
C. assume the future inflation rate will eventually decline.
D. assume the future inflation rate will continue to accelerate.
答案和详解如下！
Feedback: Correct answer: B
Economics: Private and Public Choice, 10th edition, James D. Gwartney, Richard L. Stroup, Russell S. Sobel, and David A. Macpherson (South-Western, 2003), pp. 355-358 2006 Modular Level I, Vol. II, pp. 117-119 Study Session 4-18-c contrast the adaptive expectations hypothesis to the rational expectations hypothesis and discuss implications on prices and output under the two hypotheses when there are changes in macroeconomic policies
According to the adaptive-expectations hypothesis, the rate of inflation actually experienced in the recent past would be the major determinant of the expected future rate of inflation.
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发表于 2006-11-22 10:58
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