The "rational expectations revolution" refers to a substantial change in the thinking of ________.
A) households and businesses
B) policy makers
C) macroeconomists
D) elected officials
Correct Answer:
Verified
Q1: If households have information that monetary policy
Q3: Expectations about the future will always be
Q4: Rational expectations are more accurate than adaptive
Q5: Rational expectations theory suggests that _.
A)policy announcements
Q6: Rational expectations theory suggests that _.
A)consumers base
Q7: Forecasts based on the extrapolation of observed
Q8: Economists use _ to forecast economic activity
Q9: The notion that expectations will be identical
Q10: Both adaptive expectations and rational expectations are
Q11: Adaptive expectations are formed _.
A)from experience
B)from best
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