Robert Lucas spurred the rational expectations revolution in ________.
A) the 1960s
B) the 1970s
C) the 2000s
D) the 1880s
Correct Answer:
Verified
Q10: Both adaptive expectations and rational expectations are
Q11: Adaptive expectations are formed _.
A)from experience
B)from best
Q12: Assume that prices have risen in a
Q13: An economic policy has a decent chance
Q14: Suppose you need an estimate of future
Q16: _ rational expectations,_.
A)Most people have always formed;but
Q17: Under what circumstances might it be "rational"
Q18: The danger in using data to estimate
Q19: A prediction based on rational expectations _.
A)relies
Q20: New information ought not to influence economic
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