Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Question
Chapter 14, Problem 4E
To determine
(a)
To explain:
Two types of
To determine
(b)
To explain:
The implications for macroeconomic policy for the two forms of expectations.
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1. Rational expectations
2. Adaptive expectations
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