adaptive and rational expectations theories

what is adaptive theory and rational expectation theory? what happen to the mpeloyment if a change in macroeconomic policy happen? Thanks.

you’re looking at a 2006 question. not in the curriculum this year

just out of curiousity how would you know that was 06 question??

it’s not in this year’s curriculum, and I’m pretty sure it was in last year’s. There’re tons of 2006 questions floating around and I have a bit of experience on these boards, so it’s not a huge assumption to make.

just to clarify when I said that’s a 2006 question, I was referring to the expectation one. I don’t even get the second question, something about unemployment and macroeconomics?