What is a major difference between adaptive and rational expectations? Give an example of each.

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:31 AM

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What is a major difference between adaptive and rational expectations? Give an example of each.

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With adaptive expectations it does not matter whether a policy is anticipated or unanticipatedthe ef...View the full answer

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