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
#SPJ4
Answer:
Static Friction - acts on objects when they are resting on a surface
Sliding Friction - friction that acts on objects when they are sliding over a surface
Rolling Friction - friction that acts on objects when they are rolling over a surface
Fluid Friction - friction that acts on objects that are moving through a fluid
Explanation:
Examples of static include papers on a tabletop, towel hanging on a rack, bookmark in a book
, car parked on a hill.
Example of sliding include sledding, pushing an object across a surface, rubbing one's hands together, a car sliding on ice.
Examples of rolling include truck tires, ball bearings, bike wheels, and car tires.
Examples of fluid include water pushing against a swimmer's body as they move through it , the movement of your coffee as you stir it with a spoon, sucking water through a straw, submarine moving through water.
Answer:
D
Explanation:
I’m pretty sure it’s correct but I don’t really know. Just trying to pass science
Answer:
1350N
Explanation:
Weight = Mass x Acceleration Due to Gravity
W=mg
W=90*15=1350N