please explain

What is the difference between adaptive expectations and rational expectations? 0 Rational expectations assume that investors' expectations are based on past values of a variable, whereas adaptive expectations assume that investors make forecasts of future values using all available information. 0 Adaptive expectations assume that investors' expectations are based on the future values of a variable, whereas rational expectations assume that investors make forecasts using all available information. 0 Adaptive expectations assume that investors' expectations are based on past values of a variable, whereas rational expectations assume that investors make forecasts of future values using all available information. 0 Adaptive expectations assume that investors' expectations are based on one variable, whereas rational expectations assume that investors make forecasts of future values using multiple variables. Question 7 (1 point) What is the efficient markets hypothesis? 0 The application of rational expectations to financial markets 0 The theory that implies that stock prices are not predictable and follow a random walk. 0 The hypothesis that the equilibrium price of a stock is equal to its fundamental value. 0 All of the above