When homeowners watch the values of their homes rise quickly in a booming real estate market, they
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When homeowners watch the values of their homes rise quickly in a booming real estate market, they often choose to save a smaller fraction of their income. How would this behavior affect the marginal propensity to consume?
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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