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When a person bases her future expectations for the economy on all available current data and her own judgement about future policy effects, this is known as a) rational expectations b) irrational expectations c) the policy irrelevance proposition d) the new classical theory

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When a person bases her future expectations for the economy on all available current data and her own judgement about future policy effects, this is known as

a) rational expectations

b) irrational expectations

c) the policy irrelevance proposition

d) the new classical theory