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Rational Expectation school of thought believes that __________ a.Anticipated policies of the Fed have only short-run effect on the economy. b.Anticipated policies of the Fed

Rational Expectation school of thought believes that __________

a.Anticipated policies of the Fed have only short-run effect on the economy.

b.Anticipated policies of the Fed have no effect on nominal economic variables.

c.Unanticipated policies of the Fed have more effect on real variables than anticipated policies.

d.Unanticipated policies of the Fed change only the nominal economic variables

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