Consider the following statements about the rational expectations model :
A. Monetary policy cannot affect output and employment
B. Unanticipated changes will not affect real variables in the very short run
C. There is equilibrium in the markets
D. Economic agents use all relevant available information to form their expectations
Choose the correct answer from the options given below:
1
A, C and D only
2
A, B and C only
3
B, C and D only
4
A, B, C and D