rational expectations hypothesis
*noun*; a method of representing the economy as the sum of many identical individuals and firms, each represented by a system of mathematical equations. The Rational Expectations Hypothesis (REH) takes its name from the premise that economic actors, i.e., everyone, do not make consistent errors about the present or future behavior of markets. REH was devised mainly as a rebuke to Keynesian economics, and in particular, the strategy of fiscal policy or monetary policy. According to the REH, fiscal policy does not alter aggregate demand because the "average" person recognizes that her lifetime income is not increasing--so she needs to save rather than spend the stimulus money, in anticipation of higher taxes in the future. At the same time, monetary policy does not work because it relies on lowering interest rates to make more money available; more money means inflation, but people have to be deceived into thinking prices for their product are going up, so they will expand production. According to REH, people or firms will figure this out, and see increased demand as mere inflation. Instead of increasing output and employment, they'll want to raise prices so they can meet their future bills. According to REH, both monetary and fiscal policy rely on illusions to work; and since people (on average) will make rational estimates o the future, they will defeat these illusions.
The Urban Dictionary Mug
Ok it’s a mug drink from it act edgy with it who cares
This was a gift for my wife. She loves it.
The custom word and design came out perfectly, and my girlfriend absolutely adored the mug; I'll absolutely consider more custom-printed cups for birthdays and other occasions in the future.
Purchased this custom mug for my teenager, and they love it! The first comment was that the coffee stayed hot longer. Solid mug and the custom text isn't wearing ff after so many uses. Will definitely buy again.
The mug looks great and hasn't faded after multiple runs through the dishwasher. It microwaves well, and the text is sufficiently unruly.
I had been looking for the translation from a Tik Tok video and found it on Urban Dictionary. I was surprised to find a coffee mug available so I ordered one. My order was processed very quickly. My mug arrived promptly and in perfect condition. Many Thanks
This mug was a Father’s Day gift for my dad, and let me tell you, it is the greatest mug ever produced by humankind. Not only does it have a simple, minimalist design on it with my father’s name, but also the witty definition on the back that perfectly describes him. While he only uses the mug to hold his pens, I’m sure it would act perfectly fine with any sort of beverage in it as well. Urban Dictionary, let my just tell you that you have sent me the finest piece of art I could have possibly asked to hand over to my dad. Thank you, and I’m sure I’ll be purchasing another one of these fine crafted mugs some time soon. To whoever is reading this, have a nice day, and enjoy your summer.
I bought this for my daughter and she absolutely loves it!
exactly what wanted, holds hot coffee excellent, am 'Hutty'!! that's funny
Used it for a family inside joke, very funny
Great mug! Customizing was great!
why i want this mug i want this mug because I LOVE JUDE :) :) :) :) :) :) :) :) :) :)
Great as a little joke gift! But a little on the pricey side for a coffee mug. If I didn’t love the person as much as I do, I would probably never spend that amount on a normal coffee cup.
It is perfect. I purchased the mug aa a gift and the recipient loved it!
It’s so good and can hold my coffee all day long !
My favorite mug ever
Small cup printing is well done.
It's perfect. Just what I thought I would be getting. Love the definition on one side and the "phrase" on the other.
lmao n. definitely buy a sex mug
The custom mug was as described. The packaging was first rate, and the shipping was surprisingly fast.
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