Question #63537
Rational expectations ...
Select one or more:
a. are always better predictors of realizations of a random variable than adaptive expectations.
b. are always correct.
c. are correct on average.
d. always contradict the assumption of perfect foresight.
Select one or more:
a. are always better predictors of realizations of a random variable than adaptive expectations.
b. are always correct.
c. are correct on average.
d. always contradict the assumption of perfect foresight.
Expert's answer
c, d
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#339914 on Dec 2023
#339914 on Dec 2023
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