A rational expectation is
A. a forecast devoid of all emotions.
B. a forecast which perfectly foretells the future.
C. the best possible forecast based upon all relevant information.
D. the forecast that automatically carries over from past forecasts.
Answer:C
A rational expectation is
A. a forecast devoid of all emotions. B. a forecast which perfectly foretells the future. C. the best possible forecast based upon all relevant information. D. the forecast that automatically carries over from past forecasts.