On what do you base your expectations, Microeconomics

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On what do you base your expectations

Problem

A cornerstone of new classical economics is the notion that expectations are "rational."What do you think will happen to the prices of single-family homes in your community over the next several years? On what do you base your expectations? Is your thinking consistent with the notion of rational expectations? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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