What is meant by agents making systematic errors, Microeconomics

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What is meant by agents making systematic errors

Problem

Use your own knowledge and further research to answer the following questions.

1. Is Keynes' treatment of expectations consistent with the rational expectations hypothesis?

2. What is meant by agents making 'systematic errors' under adaptive expectations?

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Microeconomics: What is meant by agents making systematic errors

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Microeconomics: What is meant by agents making systematic errors

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