Question: what is the difference between adaptive expectations and rational expectations? Can rational expectations determine an expected price of 1.10 in the situation in problem 1

what is the difference between adaptive expectations and rational expectations? Can rational expectations determine an expected price of 1.10 in the situation in problem 1 above?

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1. To gain insight into how a communication situation can be framed to maximize impact.

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.

3. What does it mean when we say that we attribute a certain meaning to our experiences?