guaranteeing freedom of speech, press, assembly, and exercise of religion
Rational expectations theory suggests that the speed of adjustment Purcell correction would be very quick.
<h3>What Is Rational Expectations Theory?</h3>
The rational expectations theory is a widely used concept and modeling technique in macroeconomics. Individuals make decisions based on three primary factors, according to the theory: their human rationality, the information available to them, and their past experiences.
The rational expectations hypothesis was originally suggested by John (Jack) Muth 1 (1961) to explain how the outcome of a given economic phenomena depends to a certain degree on what agents expect to happen.
- People who have rational expectations always learn from their mistakes.
- Forecasts are unbiased, and people make decisions based on all available information and economic theories.
- People understand how the economy works and how government policies affect macroeconomic variables like the price level, unemployment rate, and aggregate output.
To learn more about Rational expectations theory from the given link
brainly.com/question/16479910
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Answer:
D = 9.9 10⁶ mi
Explanation:
In the exercise they give the expression for maximum viewing distance
D = 2 r h + h²
Ask for this distance for a height of 1100 feet
Let's calculate
D = 2 3960 1100 + 1100²
D = 8.712 10⁶ + 1.21 10⁶
D = 9.92 10⁶ mi
D = 9.9 10⁶ mi
