What we know about actual people and their limitations


Problem

Behavioral economics. The rational economic person is in possession of full information about potential policy changes and their consequences for his/her choices, so that gradual implementation of changes or stability of tax policy is not important. How does what we know about actual people and their limitations alter the importance of stability and gradual change?

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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Macroeconomics: What we know about actual people and their limitations
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