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Forecasts for inflation and output, assuming rational expectations, can be defined as: Question 1 options: a situation where economic agents do not make any forecast
Forecasts for inflation and output, assuming rational expectations, can be defined as: Question 1 options: a situation where economic agents do not make any forecast errors equal to last period's actual inflation and output a weighted average of last period's level and the desired level a situation where economic agents do not make any systematic forecast errors
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
