“All available information” in the definition of rational expectations
“All available information” in the definition of rational expectations means that
a. agents use all possible information that could be out there.
b. agents use all possible public information that could be out there.
c. agents use all information that is relevant.
d. agents use all information that is available in which the marginal benefits of the information are greater than the marginal costs of gathering the information.
ANSWER
D
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