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    Exam 15: Stabilization Policy, Output, and Employment
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    What Are the Macroeconomic Policy Implications of the Rational Expectations
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What Are the Macroeconomic Policy Implications of the Rational Expectations

Question 25

Question 25

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What are the macroeconomic policy implications of the rational expectations hypothesis? What should policy makers do and not do?

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The hypothesis implies that macro-policy...

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