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Consider a micro-founded model of the Macro-economy where agents are endowed with Rational Expectations. a) Why are some economists dissatisfied with the answers such a
Consider a micro-founded model of the Macro-economy where agents are endowed with Rational Expectations.
a) Why are some economists dissatisfied with the answers such a model provides?
b) Does Complexity theory fare any better?
c) Does Post-Keynesian theory fare any better?
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