Assess the following statements (S 1) and (S 2). Are they both true, both false or is
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Assess the following statements \(S 1\) and \(S 2\). Are they both true, both false or is only one true? Justify your answer.
S1. Rational expectations means agents do not to make systematic errors.
S2. Rational, forward-looking central banks' forecasts are often wrong.
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Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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