The concept of rational expectations first appeared on the economic scene in _______,but it wasn't until the _____________ that it received more significant notice in the economics profession.

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The concept of rational expectations first appeared in 1961 with an article by John Muth, but it wasn't until the early 1970s that it received more significant notice in the economics profession with the works of Robert Lucas and Thomas Sargent.

The Concept of Rational Expectations First Appeared on the Economic