Principles of Macroeconomics 2e
Principles of Macroeconomics 2e
2nd Edition
ISBN: 9781947172388
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 13, Problem 17CTQ

If most people have rational expectations, how long will recessions last?

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If most people have rational expectations, how long will recessions last
If most people have rational expectations, how long will recession last ? Explain.
When an economy dips into a recession, consumers will often be relatively pessimistic about the future for an extended period time. How will this pesimism affect the speed and strength of the recovery?
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