Order the answer to: You are given the following two forecasts of the price

Best Writers business economics Order the answer to: You are given the following two forecasts of the price

business economics

Order the answer to: You are given the following two forecasts of the price

Question (a) For each person, calculate the difference between the actual price level and that personâ??s forecast of the price level.
(b) In terms of how rational expectations are described in this chapter and your answer to part a, which personâ??s forecasts are most consistent with the concept of rational expectations?
Subject business economics
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