14 Suppose that conditions in the economy are such that the after-tax expected real interest rate is

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14 Suppose that conditions in the economy are such that the after-tax expected real interest rate is described by the equation r

a 5 a 3 g where a is a number that depends on how people value their consumption in one period compared with another period, and g is the growth rate of?

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MandB 3

ISBN: 978-1285167978

3rd Edition

Authors: Dean Croushore

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