What are adaptive expectations

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Reference no: EM132180409

Question: 1. What is rational; about rational expectations?

2. What are adaptive expectations? Are they ever rational?

3. Why might the labor market not adjust instantaneously to new information?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132180409

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