________ rational expectations,________.
A) Most people have always formed;but macroeconomists have only recently come to recognize this fact
B) Macroeconomists have invented;and are trying to teach them to the general public
C) Policy makers have devised;in search of more effective policies
D) The latest information is an important input in;so most people must make do with adaptive expectations
Correct Answer:
Verified
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
Q15: Robert Lucas spurred the rational expectations revolution
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
Q21: The political business cycle involves the _.
A)expenditure
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