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Rational Expectations
The economic theory that when making decisions, individuals take into account all available information, including their understanding and predictions of the future.
Economic Well-being
The degree of prosperity, well-being, luxury items, and essential needs accessible to an individual, community, or society.
Economic Behaviorists
Scholars or economists who study the psychological, emotional, and cognitive factors influencing the economic decisions of individuals and institutions.
Monetarists
Economists advocating the belief that adjustments in the money supply have significant repercussions on the national output in the near term and on price levels in the more distant future.
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