Question

In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents ________. group of answer choices

Answer 1

In describing what adaptive expectations means to a friend, you explain that in order to make their economic condition forecasts, agents consider only current information and ignore the past.

Economic conditions describe the state of the economy currently in a nation or region. These circumstances evolve over time as a result of the business and economic cycles that accompany an economy's expansion and decline. When an economy is expanding, the economic conditions are viewed as sound or good; when an economy is contracting, they are viewed as adverse or negative.

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