Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 26, Problem 8RQ

What is the difference between rational expectations and adaptive expectations?

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If most people have rational expectations, how long will recession last ? Explain.
If most people have rational expectations, how long will recessions last
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