Which of the following individuals was responsible for introducing rational expectations into macroeconomic models?
A)Keynes
B)Tobin
C)Phillips
D)Solow
E) none of the above

Question

Quizplus · Accepted Answer

The correct answer is John F. Muth, who is not listed among the options provided. John F. Muth introduced the concept of rational expectations in the early 1960s, which was a significant development in macroeconomic modeling, influencing the work of later economists such as Robert Lucas.

Which of the Following Individuals Was Responsible for Introducing Rational