If households and firms believe the economy will be in a recession in the future, will this

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If households and firms believe the economy will be in a recession in the future, will this necessarily cause a recession, or have any impact on output at all?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0133836790

11th edition

Authors: Frederic S. Mishkin

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Question Posted: Nov 03, 2017 04:05 AM

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If households and firms believe the economy will be in a recession in the future, will this

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These shifts in animal spirits according to Keynes could v...View the full answer

The Economics of Money Banking and Financial Markets

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