^{Let price expectations be represented by}^P^e⁼^P^{^}⁺^b^Pi ^-^P^{^}⁾^{, with}^P^e
Representing firms' expected general price indicators, representing some
General forecast of overall prices, and P_i _r^{epresenting firms'own prices. If}the firms' own prices were thought to have no effect on general prices, then

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The Answer of ^{Let price expectations be represented by}^P^e⁼^P^{^}⁺^b^Pi ^-^P^{^}⁾^{, with}^P^e Representing firms' expected general price indicators, representing some General forecast of overall prices, and P_i _r^{epresenting firms'own prices. If}the firms' own prices were thought to have no effect on general prices, then A) b < 0. B) b = 0. C) b > 0.5. D) b = 1. E) b > 1.

Let Price Expectations Be Represented by Pe = P^

^{Let Price Expectations Be Represented by}^P^e⁼^P^{^}