3. Use the concepts of income effect and substitution effect to explain why the effect on desired...

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3. Use the concepts of income effect and substitution effect to explain why the effect on desired saving of an increase in the expected real interest rate is poten tially ambiguous.

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Macroeconomics

ISBN: 9781292446127

11th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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