Question: If expectations are formed rationally, then individuals A ) will have a forecast that is 1 0 0 % accurate all of the time. B
If expectations are formed rationally, then individuals
A will have a forecast that is accurate all of the time.
B change their forecast when faced with new information.
C use only the information from past data on a single variable to form their forecast.
D have forecast errors that are persistently low.
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