State in your own words the adaptive-expectations hypothesis, Macroeconomics

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State in your own words the adaptive-expectations hypothesis

Problem

State in your own words the adaptive-expectations hypothesis. How does the hypothesis of rational expectations differ from that of adaptive expectations?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: State in your own words the adaptive-expectations hypothesis

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