Give two reasons why consumption is more variable in the data than theory seems to predict.

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Macroeconomics

ISBN: 978-0134472119

6th Edition

Authors: Stephen D. Williamson

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Question Posted: Feb 21, 2020 08:02 AM

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Give two reasons why consumption is more variable in the data than theory seems to predict.

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a There are market imperfections owing to which the borrowing and lending interest rat...View the full answer

Macroeconomics

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