Consider the following statement: The rational expectations assumption is unrealistic because, essentially, it amounts to the assumption

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Consider the following statement: "The rational expectations assumption is unrealistic because, essentially, it amounts to the assumption that every consumer has perfect knowledge of the economy." Discuss.

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Macroeconomics

ISBN: 9780134897899

8th Edition

Authors: Olivier Jean Blanchard

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Question Posted: Mar 11, 2024 03:00 AM

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Consider the following statement: The rational expectations assumption is unrealistic because, essentially, it amounts to the assumption

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Macroeconomics

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