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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

How are new Keynesians, who believe that people hold rational expectations, different from new classical economists, who also believe that people hold rational expectations?

To determine

The difference between new Keynesians and new classical economists.

Explanation

Both the new classical economists and the new Keynesians believe in the rational expectation. The difference is that new classical economists believe th...

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