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How can expectations about the future change what consumer buy now?
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- What happens when firms and workers underestimate future prices in the economy. On what would happen to actual output as opposed to the expected potential output.Why would an economist choose either the neoclassical perspective or the Keynesian perspective, but not both?If markets do not self-adjust, how can a decline in spending lead to a negative process that ruins an economy?
- is d right?Can you answer me as soon as possible urgent . In early April, Mr Chan went for a five-day trip in Singapore. In Singapore, he stayed in the Fullerton Hotel that close to the MRT station. During the five days stay, he went to Universal Studio Singapore, National Museum of Singapore. He joined the Singapore Duck tour and enjoyed the Singaporean Chinese food in Chinatown. Before departure, he went to Paragon shopping mall in Orchard Street, buying some souvenirs for his friends. Mr Chan returned to his home place, Hong Kong on 10th April and directly went to Courtyard by Marriott Hong Kong for seven days quarantine.(a) Identify the “purpose of travel” of Mr Chan and explain why he is considered as a tourist.(b) Name the tourism suppliers which might be related to the above passage and briefly explainthe function of each.Making decisions under conditions of uncertainty involves what factor?
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