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Question 4: Define rational expectations and explain the two rational expectation theories of the business cycle.? Definition of rational expectation? Rational expectations theories? Question 5.

Question 4: Define rational expectations and explain the two rational expectation theories of the business cycle.?

Definition of rational expectation?

Rational expectations theories?

Question 5. Explain the three accounts of the balance of payment.?

Question 6. In 2020, the United States dollar exchange rate fell by 7.2% against a basket of major currencies.

Explain the main causes behind such a fall?

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