Why can the results of rational expectations be described as generating the long-run results of a policy

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Why can the results of rational expectations be described as generating the long-run results of a policy change in the short run?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 23, 2023 02:32 AM

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Why can the results of rational expectations be described as generating the long-run results of a policy

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The long run refers to the situation once people have had time to completely adjust their ...View the full answer

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