Problem
Economists have identified two kinds of macroeconomic expectations.
a. Define them.
b. What are the implications for macroeconomic policy of these two forms of expectations?
2. Write down the government budget constraint and explain how it can be used to understand the relationship between fiscal and monetary policies.
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.