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
Happy that this tee is comfy and fits well. I wish the sentence was on the back too.
My wife absolutely loves her new T-shirt.
This looks like a weird design but it looks cool
This T shirt is the best piece of material to have ever graced this Earth. The fine quality fabrics and in depth definition, which is professionally implanted on the back of the shirt, which makes for some very interesting talking points. Thank you Pablo Parmesan.
Absolutely wonderful product! I bought this shirt for my son and he gagged with joy! Mariah Careystmas everyone!
I love it I bought me and my family some
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Proofread much? She might seem "quite"? Please fix the spelling to "quiet". Can't believe I was considering this purchase...
Damonism T-shirt :+) I found this by accident while surfing through your site. I love this shirt. I bought one and wear it when I feel frisky.
Another hit!
Great shirt, great service. A big thumbs up👍🏻
I always get so many compliments when I wear this (my favorite) shirt. I have been able to give out my phone number to lots of nice old men and my parents think it's great that I have so many nice mentors grooming me into a nice young boy who is willing to "follow the rules ".
Very comfortable and love the tyoeface
Very nice t-shirt. Fits perfect.
FUCK you urban dictionary.
My brother loved the shirt and the dogs name is cum stain
The small shirts for men looks like an extra small. Other than that I love the shirt.
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I absolutely loveeeeeeee my shirt ! Fast shipping too !
hehe mine said skibidi
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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
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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 |