If expectations were always met, then firms would never contribute to any of the short-run fluctuations in employment and output that are observed in real-world economies.

Name: If expectations were always met, then firms would never contribute to any of the short-run fluctuations in employment and output that are observed in real-world economies.
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Question

Quizplus · Accepted Answer

If expectations were always met, firms would perfectly anticipate future conditions, leading to stable employment and output without fluctuations.

If Expectations Were Always Met, Then Firms Would Never Contribute