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statements best describes the rational expectations hypothesis?

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Which of the following statements best describes the rational expectations hypothesis?;A) individuals will not enter into long-term agreements unless they are certain about the payments they will receive;B) it is likely that individuals will consistently make errors;C) individuals will make random errors, independent of previous errors;D) it is reasonable to expect individuals to consistently underestimate the level of inflation

 

Paper#24523 | Written in 18-Jul-2015

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