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Suppose you run the linear consumption regression of consumption (cons) on income (inc), both measured in US dollars, on data on 10,000 U.S. households: The
Suppose you run the linear consumption regression of consumption (cons) on income (inc), both measured in US dollars, on data on 10,000 U.S. households: The 95% confidence interval on the estimated marginal propensity to consume(MPC), i.e. the slope estimate of consumption
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
