Question
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
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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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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