Economy, asked by DollyMahanta, 4 months ago

Distinguish between Rational and Adaptive expection model. Write about this in 500 words​

Answers

Answered by hashimrock88
0

Answer:

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Answered by Anonymous
5

Answer:

While individuals who use rational decision-making use the best available information in the market to make decisions, adaptive decision makers use past trends and events to predict future outcomes. ... Adaptive expectations can be used to predict inflation.

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