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: because there is no displacement or movement in the watchman's work. according to science when displacement or movement take place it is said to be work. hope this helps you.
Place the next vector with its tail at the previous vector's head. ... To subtract vectors, proceed as if adding the two vectors, but flip the vector to be subtracted across the axes and then join it tail to head as if adding. Adding or subtracting any number of vectors yields a resultant vector.
Explanation:
Answer:
carbon dioxide plays an important part in vital plant and animal process, such as photosynthesis and respiration.
Explanation:
Answer:
(A) Visible
Explanation:
- The section of the electromagnetic spectrum that humans can generally see is called visible light.
White light is visible light and the range of visible wavelengths ranges from 400 - 700 nanometers.
