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Explain what the consumption function shows, and describe what is held constant along the consumption function. What happens when firms and workers underestimate future prices
- Explain what the consumption function shows, and describe what is held constant along the consumption function.
- What happens when firms and workers underestimate future prices in the economy. Focus on what would happen to actual output as opposed to the expected potential output.
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The Rise And Fall Of Neoliberal Capitalism
Authors: David M Kotz
1st Edition
0674725654, 9780674725652
