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11) Suppose over time that household consumption has become more sensitive to changes in interest rates. Will fiscal policy become more or less effective? Explain
11) Suppose over time that household consumption has become more sensitive to changes in interest rates. Will fiscal policy become more or less effective? Explain
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
