1.2. Suppose that problems in the capital markets make consumers unable either to borrow or to put...

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1.2. Suppose that problems in the capital markets make consumers unable either to borrow or to put money aside for future use. What implication does this have for the effects of expected future disposable income on consumer spending?

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Economics

ISBN: 978-0716771586

2nd Edition

Authors: Paul Krugman ,Robin Wells

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