A rational expectation is
A. a correct forecast but it might not be the best available forecast.
B. an incorrect forecast.
C. not necessarily correct but is the best available forecast.
D. necessarily correct because it is the best available forecast.
Answer:C
A rational expectation is
A. a correct forecast but it might not be the best available forecast. B. an incorrect forecast. C. not necessarily correct but is the best available forecast. D. necessarily correct because it is the best available forecast.