Describe in your own words, what happens when a firm and workers underestimate future prices in the economy. Focus your answer on what would happen to acutal output as opposed to the expected potential output. 500 word minimum.
Sample Solution
Describe in your own words, what happens when a firm and workers underestimate future prices in the economy. Focus your answer on what would happen to acutal output as opposed to the expected potential output. 500 word minimum.
Sample Solution