In order to develop macroeconomic theories of consumption, mainstream economists have used the assumption that behavior can
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In order to develop macroeconomic theories of consumption, mainstream economists have used the assumption that behavior can be captured with a single representative forward-looking household. Is this assumption adequate for evaluating aggregate consumption behavior? Explain.
Related Book For
Macroeconomics Principles, Applications, and Tools
ISBN: 978-0132555234
7th Edition
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
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