Why do economists who believe people form rational expectations have little faith that announced changes in monetary

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Why do economists who believe people form rational expectations have little faith that announced changes in monetary policy will have substantial effects on real output?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 05:57 AM

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Why do economists who believe people form rational expectations have little faith that announced changes in monetary

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Rational expectations theorists believe that when poli...View the full answer

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