Explain what happens under adaptive expectations theory...?
Q. ...when monetary and fiscal policy makers use expansionary policy to achieve an unemployment rate below the natural rate.
Asked by lane_saugt_hahn_fur_drogen - Tue Mar 27 17:17:21 2007 - - 1 Answers - 0 Comments
A. The expectation changes that fewer people will always be unemployed, even though right now in this instance they are lower than the natural.
Answered by Santa Barbara - Tue Mar 27 18:05:36 2007
Q. ...when monetary and fiscal policy makers use expansionary policy to achieve an unemployment rate below the natural rate.
Asked by lane_saugt_hahn_fur_drogen - Tue Mar 27 17:17:21 2007 - - 1 Answers - 0 Comments
A. The expectation changes that fewer people will always be unemployed, even though right now in this instance they are lower than the natural.
Answered by Santa Barbara - Tue Mar 27 18:05:36 2007
By assuming that agents in the economy develop rational expectations...?
Q. By assuming that agents in the economy develop rational expectations, are you also assuming that they carry a detailed model of the economy in their heads? Which do you think is more plausible, rational or adaptive expectations and why?
Asked by yep yep - Sat Sep 6 20:11:15 2008 - - 1 Answers - 0 Comments
A. The answer to the first question is yes. Because of this, the answer to the second question is: clearly, adaptive expectations is a more plausible assumption. BUT rational expectations provides greater power to models which can be quite useful.
Answered by mrecho - Sat Sep 6 20:25:56 2008
Q. By assuming that agents in the economy develop rational expectations, are you also assuming that they carry a detailed model of the economy in their heads? Which do you think is more plausible, rational or adaptive expectations and why?
Asked by yep yep - Sat Sep 6 20:11:15 2008 - - 1 Answers - 0 Comments
A. The answer to the first question is yes. Because of this, the answer to the second question is: clearly, adaptive expectations is a more plausible assumption. BUT rational expectations provides greater power to models which can be quite useful.
Answered by mrecho - Sat Sep 6 20:25:56 2008
Macroeconomics- expectations?
Q. Hi, Could someone please explain to me the difference between - static (or adaptive) expectations and rational expectations. Thanks
Asked by Nara31 - Mon May 25 12:11:14 2009 - - 1 Answers - 0 Comments
A. static expectations: when your expectations do not change according to circumstances. this would mean that if you expected gdp to increase you would not change your expectations if certain variables that would affect gdp changed like unemployment or interest rates. rational expectations: when you base your expectations on knowledge of the past. it basically implies that you cannot have false expectations for too long because if your expectations are proved wrong once you would change them
Answered by Anita A - Tue May 26 03:57:31 2009
Q. Hi, Could someone please explain to me the difference between - static (or adaptive) expectations and rational expectations. Thanks
Asked by Nara31 - Mon May 25 12:11:14 2009 - - 1 Answers - 0 Comments
A. static expectations: when your expectations do not change according to circumstances. this would mean that if you expected gdp to increase you would not change your expectations if certain variables that would affect gdp changed like unemployment or interest rates. rational expectations: when you base your expectations on knowledge of the past. it basically implies that you cannot have false expectations for too long because if your expectations are proved wrong once you would change them
Answered by Anita A - Tue May 26 03:57:31 2009
Assuming people have rational expectations,...?
Q. the Fed has been consistent in policy in the past, and people have the same information as the Fed Reserve. Inflation is rising as well as unemployment. What will happen if the Fed Reserve increases the money supply to combat unemployment? How will the result be different if people have adaptive expectations or the Fed has been inconsistent?
Asked by F.Y.I. - Sun May 4 13:28:27 2008 - - 1 Answers - 0 Comments
A. The underlying theory is the fundamental "Lucas Critique". If they have rational expectations, than an increase in money supply will be noticed by agents very fast, means, that the policy is ineffective. Under adaptive expectations, the economic agent is looking what happens in the past, based on this information, he adjust his prices and willigness to pay. So an money supply increase will have an effect on the unemployment rate. Short run only.
Answered by berlin.tokyo - Wed May 7 10:26:33 2008
Q. the Fed has been consistent in policy in the past, and people have the same information as the Fed Reserve. Inflation is rising as well as unemployment. What will happen if the Fed Reserve increases the money supply to combat unemployment? How will the result be different if people have adaptive expectations or the Fed has been inconsistent?
Asked by F.Y.I. - Sun May 4 13:28:27 2008 - - 1 Answers - 0 Comments
A. The underlying theory is the fundamental "Lucas Critique". If they have rational expectations, than an increase in money supply will be noticed by agents very fast, means, that the policy is ineffective. Under adaptive expectations, the economic agent is looking what happens in the past, based on this information, he adjust his prices and willigness to pay. So an money supply increase will have an effect on the unemployment rate. Short run only.
Answered by berlin.tokyo - Wed May 7 10:26:33 2008
Which of the following statement is false?
Q. A. Contractionary monetary and fiscal policies tend to lower unemployment but raise inflation. B. All economists agree that for substantial inflation to continue the money supply must rise. C. Expectations based on what has been in the past are called adaptive expectations. D. High money growth and high inflationary expectations inevitably accompany high inflation rates.
Asked by girliegirl - Sat Mar 8 23:14:20 2008 - - 4 Answers - 0 Comments
A. A, contractionary monetary policy and fiscal policy, both lower the level of GDP that is moving away from the equilibrium, the new output levelis lower than the natural rate (which is the initial point) and that cause increase unemployment level (because at the intital point, which is also the natural rate of unemployment),
Answered by milky - Sun Mar 9 06:17:25 2008
Q. A. Contractionary monetary and fiscal policies tend to lower unemployment but raise inflation. B. All economists agree that for substantial inflation to continue the money supply must rise. C. Expectations based on what has been in the past are called adaptive expectations. D. High money growth and high inflationary expectations inevitably accompany high inflation rates.
Asked by girliegirl - Sat Mar 8 23:14:20 2008 - - 4 Answers - 0 Comments
A. A, contractionary monetary policy and fiscal policy, both lower the level of GDP that is moving away from the equilibrium, the new output levelis lower than the natural rate (which is the initial point) and that cause increase unemployment level (because at the intital point, which is also the natural rate of unemployment),
Answered by milky - Sun Mar 9 06:17:25 2008
Suppose you flipped an honest coin 10 times and heads came up 8 times.?
Q. You are about to toss the coin another 10 times. Using adaptive expectations, how many heads do you expect? Based on rational expectations, how many heads do you expect?
Asked by lane_saugt_hahn_fur_drogen - Tue Mar 27 17:15:24 2007 - - 4 Answers - 0 Comments
A. 5
Answered by Richard - Tue Mar 27 17:22:20 2007
Q. You are about to toss the coin another 10 times. Using adaptive expectations, how many heads do you expect? Based on rational expectations, how many heads do you expect?
Asked by lane_saugt_hahn_fur_drogen - Tue Mar 27 17:15:24 2007 - - 4 Answers - 0 Comments
A. 5
Answered by Richard - Tue Mar 27 17:22:20 2007
Teachers, I am a parent and my school district wants to implement these changes in testing....
Q. We already have some schools operating on a four day week and yet others have implemented a no homework policy until high school. Now they want to make the following changes to the testing system. Is this a good thing or should I seriously consider moving to another state. Panel proposes elimination of three types of tests: 1. Core testing (end of level CRTs) in all grades 2. Basic Skills Competency Test 3. Iowa Test of Basic Skills (nationally normed) Panel proposes the following assessments: 1. Computer adaptive testing K 12 in reading, language arts, math and science three times each year including a pretest and posttest in each subject 2. After 3rd grade, once a student has shown proficiency at or above grade level over three… [cont.]
Asked by operaphantom2003 - Mon Aug 11 10:04:27 2008 - - 2 Answers - 0 Comments
A. Honestly, their changes seem to be more meaningful and formative in their design. Testing is largely a source of formative assessment to guide instruction for students, if they are consistently proficient, maybe testing isn't the best use of their time. I am a bit confused, you are upset about the dropping of a norm referenced test. That is mind-boggling to me as norm referenced means half pass, half fail. So, that doesn't really tell you much. I am glad my state no longer uses any sort of norm referenced test
Answered by Open Admin - Tue Aug 12 00:02:31 2008
Q. We already have some schools operating on a four day week and yet others have implemented a no homework policy until high school. Now they want to make the following changes to the testing system. Is this a good thing or should I seriously consider moving to another state. Panel proposes elimination of three types of tests: 1. Core testing (end of level CRTs) in all grades 2. Basic Skills Competency Test 3. Iowa Test of Basic Skills (nationally normed) Panel proposes the following assessments: 1. Computer adaptive testing K 12 in reading, language arts, math and science three times each year including a pretest and posttest in each subject 2. After 3rd grade, once a student has shown proficiency at or above grade level over three… [cont.]
Asked by operaphantom2003 - Mon Aug 11 10:04:27 2008 - - 2 Answers - 0 Comments
A. Honestly, their changes seem to be more meaningful and formative in their design. Testing is largely a source of formative assessment to guide instruction for students, if they are consistently proficient, maybe testing isn't the best use of their time. I am a bit confused, you are upset about the dropping of a norm referenced test. That is mind-boggling to me as norm referenced means half pass, half fail. So, that doesn't really tell you much. I am glad my state no longer uses any sort of norm referenced test
Answered by Open Admin - Tue Aug 12 00:02:31 2008
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