State in your own words the adaptive-expectations hypothesis. How does the theory of rational expectations differ from

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State in your own words the adaptive-expectations hypothesis. How does the theory of rational expectations differ from that of adaptive expectations?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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