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12.1 The building blocks of neoclassical analysis

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  • Card 14 / 17:
    adaptive expectations

    the theory that people look at past experience and gradually adapt their beliefs and behavior as circumstances change

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Practice FlashCards 8 Key Terms 4

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Source:  OpenStax, Principles of macroeconomics for ap® courses. OpenStax CNX. Aug 24, 2015 Download for free at http://legacy.cnx.org/content/col11864/1.2
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