Ünite Sınavı Soruları

Choose the option that completes the following sentence correctly.

".......... expectations treat future expectations as an average of past changes."

Choose the option that completes the following sentence correctly.

"The .......... expectation hypothesis’ fundamental flaw is the presumption that each agent is an expert in economics."

I. The rational expectation hypothesis’ fundamental flaw is the presumption that each agent is an expert in economics.

II. The rational expectations hypothesis treats future expectations as an average of past changes.

III. It makes the assumption that people will ignore information regarding potential changes in policy variables.

Which of the given can be said to be a criticism of the rational expectation hypothesis?

What is the reason for uncertainty according to F.H. Knight?

I. The price of acquiring information

II. Lack of data access

III. Symmetric information

IV. Economic expectations

Which of the given are among the main causes of incomplete information?

Choose the option that completes the following sentence correctly.

".......... expectations refer to an assumption in economics about how people make predictions regarding the future values of economic variables."

Why historical data is used to estimate the likelihood of specific future events?

I.  Individuals should base their decisions on expectations independent from the variables’ present and future values when the future outcomes of those variables are unknown.

II. The forward-looking choices made by economic agents are acknowledged as the fundamental distinction between economics and natural sciences in contemporary economic theory.

III. The idea that expectations affect the economy’s time path and, conversely, that the
economy’s time path influences expectations is important to economic theories.

Which of the given can be said to be true about the importance of expectations in economics?

What is the limit of cognitive processing and task performance that are believed to result from limits inherent to an organism and are prone to intra- and interindividual variation?

Which expectations hypothesis determines the expectations of economic decision-makers about future values, the average of the past values of the variable considered for the past period or the weighted average values?

Which of the following increase(s) with the degree of access to the data on which investors base their predictions?

Which statement below expresses one of the purposes the expectations serve?

I. In the adaptive expectations hypothesis, individuals -decision-makers- periodically review their expectations and correct their expectations through error learning when there is a difference between the realized value and the expectations.

II. The first criticism of this hypothesis is that it is made by looking only at backward-looking values. The result that emerges in the expectations created by looking only at the values of the past period is not fully explanatory. 

III. In recent years economists have assessed both predicted and actual variables with adaptive expectations, their usage in macroeconomics is more widespread than the rational expectations despite the drawbacks of the adaptive expectations. 

What can said to be true about adaptive expectations?

Which expectations hypothesis state that individuals -decision makers- periodically review their expectations and correct their expectations through error learning when there is a difference between the realized value and the expectations?

How many different types of expectations are there?

What is Economic expectations?

What is the basic assumption made by standard models for scientific research and policy analysis?

I. Expectations are predictions or projections made by decision-makers.

II. Expectations are inherently subjective, which means they represent the individual’s own judgments.

III. It’s not necessary to limit an expectation for a specific economic variable to a single forecasted value. 

IV. Expectations are separate from the holder or the decision-maker and they have independent life.

Which of the given can be said to be true about expectations?

Which is one of the variety of effects of the expectations?

Choose the option that completes the following sentence correctly.

"The term .......... refers to the limits of cognitive processing and task performance that are believed to result from limits inherent to an organism and are prone to intra- and interindividual variation."