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rational British & World English

based on or in accordance with reason or logic

rational dress British & World English

a style of women’s dress introduced in the late 19th century, characterized by the wearing of knickerbockers or bloomers in place of a skirt

rational expectations hypothesis British & World English

the hypothesis that an economic agent will make full use of all available information when forming expectations, especially with regard to inflation, and not just past values of a particular variable