Which of the following individuals was responsible for introducing rational expectations into macroeconomic models?
A) Lucas.
B) Phillips.
C) Tobin.
D) Solow.
E) Keynes.

Question

Quizplus · Accepted Answer

Robert Lucas was responsible for introducing rational expectations into macroeconomic models in the 1970s. This theory was instrumental in changing the understanding of how individuals form expectations about future economic conditions and how this affects macroeconomic outcomes.

Which of the Following Individuals Was Responsible for Introducing Rational