Explain the concept of a self-fulfilling prophecy
What will be an ideal response?
A self-fulfilling prophecy is a situation in which the expectations of an event, such as a left shift in labor demand in the future, induce actions that lead to that event.
Economics
You might also like to view...
In the income-expenditure model, equilibrium output is the level of output at which the 45-degree line intersects the planned expenditures line. Explain why this output level is an equilibrium level
Illustrate your answer with a diagram of the income-expenditure model.
Economics
One of the major benefits to society of monopolistic competition is
A) high prices. B) restricted output. C) product differentiation. D) the excess capacity. E) the marku
Economics