Economics · Macroeconomics
Which one of the following is NOT true about the Rational Expectations Theory?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The rational expectations theory was originally developed by Alvin Hansen.✓
- 2It is used in decision-making by households, firms, and labour for forming expectations about relevant economic variables.
- 3Rational expectations utilize all available relevant information.
- 4It is an expectation formulation that is not entirely error-free.
Correct answer
The rational expectations theory was originally developed by Alvin Hansen.
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