Expectations is a critical topic on macroeconomics and defines the pivotal elements of every market economy and controlling all the economic transactions and decisions. The activities within an economy are usually defined by the expectations of the people.
In normal situations, when the supply of goods like oil falls, its price rises pushing for higher production by producers while consumers conserve on its use to get substitutes and get prepared for more. The price controls are significant in controlling the expectations and eliminating the poorly executed economic plans or activities. The government intervenes in the economic expectations or plans ...