Economics (M.Phil./Ph.D.) 2017 Panjab University Entrance Exam With Answers

Practice Mode:
17.

The natural rate hypothesis of Friedman and Phelps

A: Uses a rational expectations model
B: Is based on forward looking expectation
C: Assumes that economic agents use all available information in forming expectation
D: Use an adaptive expectation model

The answer is: D

<< Previous Question
Next Question >>