Macroeconomists often say,"The reason we have inflation is that everyone expects inflation." Using the supply and demand model,show what happens to price when both consumers and producers expect the price of a particular good to increase in the future.

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The Answer of Macroeconomists often say,"The reason we have inflation is that everyone expects inflation." Using the supply and demand model,show what happens to price when both consumers and producers expect the price of a particular good to increase in the future.

Macroeconomists Often Say,"The Reason We Have Inflation Is That Everyone