According to the rational expectations school,when monetary policy makers do exactly what is expected of them,their efforts to stimulate the economy will have no effect on employment.

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According to the rational expectations school, when monetary policy makers do exactly what is expected of them, their efforts to stimulate the economy will have no effect on employment because people's expectations will already be reflected in their behavior and economic outcomes.

According to the Rational Expectations School,when Monetary Policy Makers Do