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 Tee
Love it! Buyed it for my sister but I had to make it say her favorite anime 💀✨
LOVR THIS SHIRT OML SO CUTEEEEE😍😍😍
mine had gay on it. Instant sex.
I love my NIckIsBum T-Shirt, it is very comfortable.
used it as a cum rag
Great fit and soft material. Gave as gift. Big hit!
Great conversation piece! Plus I can never find anything with my name on it. This was a great find! Will definitely order more!!!!
Got exactly what I wanted.
Exactly what I expected, thanks!
I don't visit Urban Dictionary alit so I only recently saw they offered merch. I immediately started looking up words for potential Christmas gifts. Found the ideal gift for my brother & ordered a shirt. It arrived very quickly and I love it. It's exactly as pictured on the site and being able to customize it with his name makes it perfect. I only hope he loves it as much as I do. Will definitely keep Urban Dictionary in mind when I need to find a great gift.
i love my shirt i made it say sapnap cause yassssssssss
Best This is the best shirt I have ever gotten I love it and I definitly recomend it to any friend named Hailie
So cool to quickly be able to turn a trending phrase into wearable art!
it was really good i put dad with the def of tfu and lol
*clap* *clap* MEME REVIEW. this is so amazing, alexa play despacito 9001
Love this shirt. Got it for my brother for Christmas and I can’t wait for his reaction! Ordered size L and it seems maybe a little big? Thank you!
thankyou for all your kind reviews. For everyone complaining about the spelling we was high on the bezamine while writing it so fuck youuuuuu
I love it
I really love it it's me through and through. Thank you. And when I want another shirt made I will be going through you guys.
ThIs is perfect
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Size Guide
Measurements may vary by up to 2" (5 cm). Pro tip: Measure one of your t-shirts at home and compare!
A - Length
Measure from the top of the collar to the bottom hem
B - Width
Measure across the chest from armpit to armpit
Size Chart
| Size | Length | Width |
|---|---|---|
| XS | 27" | 16½" |
| S | 28" | 18" |
| M | 29" | 20" |
| L | 30" | 22" |
| XL | 31" | 24" |
| 2XL | 32" | 26" |
| 3XL | 33" | 28" |
| Size | Length | Width |
|---|---|---|
| XS | 69 cm | 42 cm |
| S | 71 cm | 46 cm |
| M | 74 cm | 51 cm |
| L | 76 cm | 56 cm |
| XL | 79 cm | 61 cm |
| 2XL | 81 cm | 66 cm |
| 3XL | 84 cm | 71 cm |