Question
1. Explain the different assumptions and implications of the Keynesian and Euler equation based approaches to modelling consumption. 2. Does the empirical evidence support the
1. Explain the different assumptions and implications of the Keynesian and Euler equation based approaches to modelling consumption.
2. Does the empirical evidence support the Euler equation based consumption function?
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Managerial Economics A Problem Solving Approach
Authors: Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
4th edition
1305259335, 978-1305259331
