rational expectations hypothesis Tee
*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 Tee
Customer Reviews
Good Decent, comfortable by all means
My wife bought this for me, my only thing about the shirt, is the big Vernon on the front. I think I would prefer it situated and smaller type as if overva pocket. Other than that I love it. Seems to be of good quality and easy wearability, but I have only tried it on, so am uncertain. Thank you for making my day
shirt made me cum
Dick Aww man I love this shirt for eating
people shat on my shirt that said shart and im mad they took a shit on it instead of a shart
Necero's shirt i can use this in almost every phrase. This shirt allows me to do some great stuff with my kids and grandkids! i'd love for anyone who says same to get this shirt!
Bad! Why is this T-shirt named shitty fucking??What a bad name it is!Recommend?Never!😡
The shirts are amazing! I will be ordering again. And recommend them to others 🙂
My UD shirts are my favorites. They fit well, last long, and are unique. I always have people reading my back.
Amazing This shirt is SOOOOO comfortable and I love the definition
BEST SHIRT OF ALL TIME THIS IS THE BEST SHIRT OF ALL TIME. LITERAL FUCKING HELL OF A PLACE HAS BECOME A PART OF MY EVERDAY VOCABULARY AND I RECOMMEND IT FOR ANYONE WHO IS FORCED TO SIT IN A PLACE THEY HATE FOR AN HOUR EVERDAY. GO BUY THE MUG, SHIRT, OR SWEATSHIRT NOW!
Awesome tshirt This tshirt is awesome but my name isn't actually Jayson but i bought it for his b-day
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The Fucklix t shirt is perfect but I am still waiting for the xlarge I ordered. These are gifts and will be just what is needed. Hope I receive the xlarge soon then it's time to give them to the people I ordered them for. So glad I saw them . Thanks.
My wife loves it. Nice quality and so funny for the wearer. Thank you!
The shirt fit amazing, package was shipped rather fast! Thank you so much..
It is absolutely perfect and I love wearing it. Thank You.
Love the short mine says bih on it
this shit stays on during sex
Love it! Buyed it for my sister but I had to make it say her favorite anime 💀✨