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How could pessimistic expectations of the future become a self-fulfilling prophesy (bring about the very situation that companies feared) and thus cause a recession? Explain.
How could pessimistic expectations of the future become a self-fulfilling prophesy (bring about the very situation that companies feared) and thus cause a recession? Explain.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
