Please identify each statement as true or false if the theory of rantional holds. Using complete information about only the past, agents form their most accurate expectations about the future. Long economic adjustments take the exact time that agents predicted. Aggregate supply is vertical over time. Using all the information currently available, agents form their most accurate expectations about the future. Price adjustments take less time than people predicted. Fiscal policy, like tax cuts, is highly ineffective. Price adjustments happen faster than when prices are "sticky". Answer Bank