At a macroeconomic level, the theory of rational expectations points out that if the ______________________ is vertical over time, then people should rationally expect this pattern.
A. GDP
B. Phillips curve
C. aggregate demand curve
D. aggregate supply curve
Answer:D
At a macroeconomic level, the theory of rational expectations points out that if the ______________________ is vertical over time, then people should rationally expect this pattern.
A. GDP B. Phillips curve C. aggregate demand curve D. aggregate supply curve
Explanation: Type: Multiple Choice