According to the rational expectations school,_____.

A) on average people have very little idea of what to expect from government policy makers
B) people form expectations by focusing only on the private sector
C) changes in the expected price level shift the aggregate demand curve
D) people do not consider likely government policies when forming expectations,choosing to remain rationally ignorant
E) people form expectations,in part,by considering the probable future actions of government policy makers

Emily has narrowed down her search to two prom dresses. Each of the dresses is unique and has desirable qualities, but she can only choose one of the dresses. Describe the type of motivational conflict she is likely experiencing.

Statement I: Because of the Great Recession of 2008,our poverty rate is now at an eleven year high.
Statement II: One child in every six lives below the poverty line.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.

(Figure: Computing Monopoly Profit) Use Figure: Computing Monopoly Profit.At the profit-maximizing output,total cost is:

A) P₁0QG.
B) P₃0QE.
C) P₂0QF.
D) FQ₂.

As a firm increases production in the short run,the marginal cost of output increases because the marginal product of the variable input decreases.

Which of the following statements is false?

A) Greater distance reduces the likelihood of migration.
B) Greater stocks of human capital result in greater personal productivity and earnings.
C) The majority of international migrants move to countries relatively close to their home countries.
D) Implicit costs of migrating are not affected by distance.

The Vroom-Jago leadership model prescribes a leader's choice(s)among five leadership styles based on seven situational factors,recognizing the time requirements and costs associated with each style.