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According to the rational expectations theory, which of the following will affect the levels of output and employment?
Monopolistic Competitors
Companies that have many competitors but try to differentiate their products from others to gain a competitive edge.
Celebrity Advertising
A marketing strategy that uses the fame of a celebrity to promote products or services, leveraging their influence to reach potential customers.
Expensive Substitutes
Expensive substitutes are alternative products or services that are more costly than the original item they replace, often affecting consumer choices.
Brand Names
Labels that distinguish the goods or services of one seller from another seller.
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