What are adaptive expectations are they ever rational why
Problem
1. What is ational about rational expectations?
2. What are adaptive expectations? Are they ever rational?
3. Why might the labor market not adjust instantaneously to new information?
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problem1 what is ational about rational expectations2 what are adaptive expectations are they ever rational3 why might
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problem1 are forecasts based on rational expectations always correct2 why might the theory of rational expectations be
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