Rational expectations theory assumes Multiple Cholce consumer behavior is static. consumers will change their behavior, but it takes time. consumers will adjust to their current situation immediately consumers lack full information and would benefit from improved expectations

Rational expectations theory assumes Multiple Cholce consumer behavior is static. consumers will change their behavior, but it takes time. consumers will adjust to their current situation immediately consumers lack full information and would benefit from improved expectations

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter27: The Philips Curve And Expetactions Theory

Section: Chapter Questions

Problem 9SQ

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Rational expectations theory assumes
Multiple Cholce
consumer behavior is static.
consumers will change their behavior, but it takes time.
consumers will adjust to their current situation immediately
consumers lack full information and would benefit from improved expectations

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