Which school of economics held that individuals and business firms learn,through experience,to instantaneously anticipate the consequences of changes in monetary and fiscal policy?

A) The classicals
B) The Keynesians
C) The monetarists
D) The supply-siders
E) The rational expectationists

Rational Expectationists

Economists who believe that individuals make decisions based on their rational outlook, available information, and past experiences.

Monetary Policy

The process by which the monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.