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Home -› Economics
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-› Rational Expectations
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Rational Expectations
Market participants intuitively anticipate systemic policy actions and their consequences for the economy; thus, on average, private market forecasts are accurate and planned policy is ineffectual (see New Classical Macroeconomics).
See also: Constant Returns To Scale , Balance of Payments , Equilibrium Price , Comprehensive Environmental Response, Compensation & Liability Act , Durable Goods |
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Environmental Economics Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1. |
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