Compare the following three ways to model expectations: animal spirits,adaptive expectations,and rational expectations.
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Q2: Which of the following will cause aggregate
Q3: Explain what effect an increase in the
Q4: Which of the following will cause aggregate
Q5: Which of the following will not cause
Q6: Explain the determinants of aggregate private spending.
Q8: Suppose individuals now believe that there will
Q9: Changes in future expected interest rates can
Q10: Explain what effect a reduction in the
Q11: Suppose individuals now believe that there will
Q12: Explain why the new IS curve that
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