Expecting the future to be like the recent past is an approach to forming expectations that economists call _____ expectations.
A) neutral
B) rational
C) adaptive
D) consistency

Name: Expecting the future to be like the recent past is an approach to forming expectations that economists call _____ expectations. A) neutral B) rational C) adaptive D) consistency
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Question

Quizplus · Accepted Answer

Adaptive expectations is the approach where people form their expectations of the future based on recent past experiences and events.

Expecting the Future to Be Like the Recent Past Is