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What is the concept of rational expectations in macroeconomics? a. The notion that expectations do not impact economic outcomes. b. The belief that people form
What is the concept of rational expectations in macroeconomics? a. The notion that expectations do not impact economic outcomes. b. The belief that people form expectations based on all available information. c. The assumption that people are irrational in their economic behavior. d. The idea that individuals make decisions based on past experiences
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
