Which of the following statements is consistent with the adaptive expectations view?
A) Knowledge is power.
B) Surprises happen.
C) The past repeats itself in the future.
D) Whatever will be, will be.

Question

Quizplus · Accepted Answer

The adaptive expectations view suggests that future expectations are formed based on past experiences and outcomes. Therefore, the statement "The past repeats itself in the future" is consistent with this view, as it implies that past trends and patterns are expected to continue into the future.

Which of the Following Statements Is Consistent with the Adaptive