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Explain the primary argument against the rational-expectations hypothesis. Explain why it is difficult to test whether or not the assumption of rational expectations is valid.
Coal
A fossil fuel consisting mainly of carbonized plant matter, found underground and used for energy production.
Oil Shale
A sedimentary rock consisting of organic materials that can be processed to produce shale oil, a type of unconventional petroleum.
Geologic Structure
The arrangement and relationship of rock layers and formations, shaped by tectonic forces, that reveals the history of Earth's crust.
Anticlines And Synclines
Geological features where rock layers are folded upwards to form ridges (anticlines) and downwards to form troughs (synclines), often due to tectonic forces.
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