Question
Why is consumption so much more stable over the business cycle than investment? In formulating your answer, discuss household behavior as well as business behavior.
Why is consumption so much more stable over the business cycle than investment? In formulating your answer, discuss household behavior as well as business behavior.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
