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Explain what the consumption function shows, and describe what is held constant along the consumption function. Describe what happens when firms and workers underestimate future
- Explain what the consumption function shows, and describe what is held constant along the consumption function.
- Describe what happens when firms and workers underestimate future prices in the economy. Focus your answer on what would happen to actual output as opposed to the expected potential output.
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
5th Edition
0078110866, 978-0078110863
