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A cornerstone of new classical economics is the notion that

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A cornerstone of new classical economics is the notion that

A cornerstone of new classical economics is the notion that expetations are “rational”. What do you… Show more A cornerstone of new classical economics is the notion that expetations are “rational”. What do you think will happen to the prices of single-family homes in your community over the next several years? On what do you base your expectations? Is your thinking consistent with the notion of rational expectations? Explain • Show less


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