When homeowners watch the values of their homes rise quickly in a booming real estate market, they

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When homeowners watch the values of their homes rise quickly in a booming real estate market, they often choose to save a smaller fraction of their income. How would this behavior affect the marginal propensity to consume?

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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Question Posted: Dec 11, 2023 12:39 PM

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Principles Of Macroeconomics

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