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.
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Answer:
Compression is the answer
Explanation:
got it right
Explanation:
It is given that, the position of a particle as as function of time t is given by :
Let v is the velocity of the particle. Velocity of an object is given by :
![v=\dfrac{d[(8t+9)i+(2t^2-8)j+6tk]}{dt}](https://tex.z-dn.net/?f=v%3D%5Cdfrac%7Bd%5B%288t%2B9%29i%2B%282t%5E2-8%29j%2B6tk%5D%7D%7Bdt%7D)
So, the above equation is the velocity vector.
Let a is the acceleration of the particle. Acceleration of an object is given by :
![a=\dfrac{d[8i+4tj+6k]}{dt}](https://tex.z-dn.net/?f=a%3D%5Cdfrac%7Bd%5B8i%2B4tj%2B6k%5D%7D%7Bdt%7D)
At t = 0, 
Hence, this is the required solution.
Kinematics is the name of the study of motion.
