A Rational Expectation Is

question 408

Multiple Choice

A rational expectation is

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

---

Definitions:

Completing The Square

A method for converting a quadratic equation into a perfect square trinomial, facilitating its solution.

Complex Numbers

Numbers that comprise a real part and an imaginary part, represented as a + bi, where "i" is the square root of -1.

Real Solutions

The set of solutions of an equation that are real numbers, as opposed to imaginary or complex numbers.

Complex Solutions

Solutions to equations that have both a real component and an imaginary component.