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George believes that the inflation rate will be around 9 percent this year because it was around 9 ...
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George believes that the inflation rate will be around 9 percent this year because it was around 9 ...
George believes that the inflation rate will be around 9 percent this year because it was around 9 percent in the previous year. George can be said to have ________.
▸ composite expectations
▸ marginal expectations
▸ rational expectations
▸ adaptive expectations
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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adaptive expectations
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This helped my grade so much
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Thanks for your help!!
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Helped a lot
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