Determine whether the statement below applies the rational expectations theories. Instructions: You may select more than one answer. Click the box with a check mark for the correct answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit. 3 Models are more dynamic than Keynesian models. 9 Consumption functions are more simplistic than the Keynesian models. a Market participants respond more quickly to changes than in Monetarist models. 9 Unlike Monetarism, these models are not used to provide policy recommendations. 3 Market failures do not exist in these models