Define rational expectations. According to the classical model, what implications do rational expectations have for the ability

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Define rational expectations. According to the classical model, what implications do rational expectations have for the ability of the central bank to use monetary policy to smooth business cycles?

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Macroeconomics

ISBN: 978-0321675606

6th Canadian Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone

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Question Posted: Apr 01, 2016 03:54 AM

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Define rational expectations. According to the classical model, what implications do rational expectations have for the ability

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Rational expectations mean that the publics forecasts of various ...View the full answer

Macroeconomics

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