hmm really when enough firms start following a trend like raising the price or lessing the supply of mortgages due to expectations the overall Aggregate (total) Supply of the country’s curve will shift or the point will change up or down the AS curve effecting the national economy through circular flow. That’s my best guess…
hmm really when enough firms start following a trend like raising the price or lessing the supply of mortgages due to expectations the overall Aggregate (total) Supply of the country’s curve will shift or the point will change up or down the AS curve effecting the national economy through circular flow. That’s my best guess…