Monetarists base their assessment of the speed of adjustment for self-correction in the economy on
A)adaptive expectations.
B)rational expectations.
C)coordination failures.
D)efficiency wages.

Question

Quizplus · Accepted Answer

Monetarists often rely on adaptive expectations, which suggest that people form their expectations of the future based on past experiences and gradually adjust as new information becomes available.

Monetarists Base Their Assessment of the Speed of Adjustment for Self-Correction