2.2 Critics of rational expectations theory question whether wages and prices are fl exible. They also believe

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2.2 Critics of rational expectations theory question whether wages and prices are fl exible.

They also believe that most people are not truly informed about the eff ects of policy changes and therefore won’t adjust their behavior.

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Survey Of ECON

ISBN: 9780538478090

1st Edition

Authors: Robert L. Sexton

Question Posted: Oct 25, 2024 08:02 AM

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2.2 Critics of rational expectations theory question whether wages and prices are fl exible. They also believe

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Survey Of ECON

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