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    Principles of Macroeconomics Study Set 11
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    Exam 12: The Determination of Aggregate Output, the Price Level, and the Interest Rate
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    Explain the Role of Expectations and "Animal Spirits" on Investment
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Explain the Role of Expectations and "Animal Spirits" on Investment

Question 14

Question 14

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Explain the role of expectations and "animal spirits" on investment decisions.

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If a firm expects that its sales will in...

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