Modigliani played a role in forming what important economic concept?
Invisible Hand
Laffer Curve
Comparative Advantage
Rational Expectations
Answer
Rational Expectations is an important economic concept. It was developed by Modigliani and others in the 1970s. The concept states that economic agents, such as consumers and firms, form their expectations about the future based on all available information, including past data and current economic conditions.
Mastermind of Modern Economics: The Franco Modigliani Quiz
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