Aggregate consumption varies less than GDP and aggregate investment varies more. Can you reconcile these observations with
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Aggregate consumption varies less than GDP and aggregate investment varies more. Can you reconcile these observations with the assumption that consumption and investment decisions are taken by rational, forward-looking agents?
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Related Book For 
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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