Examlex
The text concludes that gentrification will cease to be an issue in the 21st century because it will decline considerably.
Rational Expectations
An economic theory which proposes that individuals make decisions based on their rational outlook, available information, and past experiences.
Ascribing Rationality
The assumption that individuals make decisions based on rational thought processes, maximizing utility based on available information.
Velocity of Circulation
The rate at which money is exchanged in an economy, reflecting the frequency with which money is spent on goods and services.
Rational Expectations Theory
The hypothesis that individuals form forecasts about the future based on all available information, including the understanding of economic policies, thus acting optimally on these expectations.
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