Suppose that economists were able to use U.S. economic data to demonstrate that the rational expectations hypothesis

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Suppose that economists were able to use U.S. economic data to demonstrate that the rational expectations hypothesis is true. Would this be sufficient to demonstrate the validity of the policy irrelevance proposition?

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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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Question Posted: Aug 01, 2016 12:45 PM

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Suppose that economists were able to use U.S. economic data to demonstrate that the rational expectations hypothesis

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