Question: According to Robert E . Hall, a . Consumption should only react to new and unexpected information. b . Consumption should not follow random walk.

According to Robert E. Hall,
a. Consumption should only react to new and unexpected information.
b. Consumption should not follow random walk.
c. Consumption should be unpredictable.
d. Consumption reflects people's views about what other people think will happen to consumption.
e. Consumption reflects irrational waves of pessimism/optimism.

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