According to the ____ school of thought,it is in people's self-interest to acquire,process,and respond to information which affects their economic well being and to not repeat previous errors in action.

A) supply-side
B) economic behaviorists
C) Keynesian
D) rational expectations
E) monetarist

Rational Expectations

The economic theory that when making decisions, individuals take into account all available information, including their understanding and predictions of the future.

Economic Well-being

The degree of prosperity, well-being, luxury items, and essential needs accessible to an individual, community, or society.

Economic Behaviorists

Scholars or economists who study the psychological, emotional, and cognitive factors influencing the economic decisions of individuals and institutions.