Rational Expectation Hypothesis HINDI

The Rational expectation hypothesis (REH), originally proposed by Muth (1961), is one of the main features of the so-called New Classical Macroeconomics and assumes that economic agents do not make systematic errors when predicting the future. The theory did not catch on until the 1970s with Robert E. Lucas, Jr. and the neoclassical revolution in economics. some assumptions held by the rational expectations theory: Individuals use their ability to rationalize when making decisions. Although people may be wrong some of the time, on average they are right. People learn from past mistakes. Values of variables like price, output, and employment are important. People behave in ways that seek to maximize their enjoyment of life. People behave in ways that seek to maximize their profits. Expectations about future inflation influence current buying decisions. Individuals create expectations based on all available information.
#YOUCANLEARNECONOMICS
#ECONOMICS

Subscribe me @ http://youtube.com/c/EZClassesfaghsa

Like me on Facebook @ https://www.facebook.com/faghsa/

Follow me on Twitter @ https://twitter.com/?lang=en

Mail ID: faghsa1760@gmail.com

Видео Rational Expectation Hypothesis HINDI канала E.Z. Classes