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When Using Rational Expectations,forecast Errors Will,on Average,be ________ and ________

question 53

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When using rational expectations,forecast errors will,on average,be ________ and ________ be predicted ahead of time.


Definitions:

Mechanical Function

The role or operation of a structure or system based on the principles of mechanics, often referring to how physical forces influence biological processes or man-made devices.

Sexual Selection

A form of natural selection where individuals select mates based on heritable traits, such as size, strength, or coloration, that are indicative of reproductive success.

The Descent of Man

A book by Charles Darwin that discusses human evolution and sexual selection, published in 1871.

The Origin of Species

A seminal book by Charles Darwin published in 1859, formally introducing the scientific theory of evolution by natural selection.

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