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What is the rational expectations hypothesis? O A. The actual unemployment rate will not equal the natural rate of unemployment. O B. If people anticipate
What is the rational expectations hypothesis? O A. The actual unemployment rate will not equal the natural rate of unemployment. O B. If people anticipate a relationship between the actual inflation rate and the unemployment rate then the natural rate of unemployment will be reduced O C. People will exploit the Phillips curve and demand higher wages. D. People form their expectations on the values of economic variables based on all available past and current information and their understanding of how the economy functions
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