(i) information is scarce and the economic system does not waste it, and (ii) the way in...

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(i) information is scarce and the economic system does not waste it, and (ii) the way in which expectations are formed depends in a well-specified way on the structure of the system describing the economy.

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Foundations Of Modern Macroeconomics

ISBN: 9781264857937

1st Edition

Authors: Ben J. Heijdra, Frederick Van Der Ploeg

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