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If households and firms cut back on spending because they expect other households and firms to do so, and this self-fulfilling prophecy causes a recession, then this would be an example of
Q21: Import tariffs benefit the consumers of the
Q83: A protective tariff will<br>A) increase the sales
Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer
Q126: Starting in 2012, an important shift occurred
Q147: In real-business-cycle theory, changes in the<br>A) demand
Q188: Dividing nominal gross domestic product (GDP) by
Q190: In the mainstream view, the economic instability
Q190: What are the two most important factors
Q253: How do new classical economists view the
Q258: The real-business-cycle theorists say that business cycles