
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
النسخة 13الرقم المعياري الدولي: 978-1305280601
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
النسخة 13الرقم المعياري الدولي: 978-1305280601 تمرين 5
(More difficult) Between 2008 and 2009, real disposable income (in 2009 dollars) declined slightly (by $51 billion), owing to a recession. Use the data on real consumption expenditures given on the inside back cover of this book to compare the change in C to this $51 billion decline in DI. Explain why dividing the two does not give a good estimate of the marginal propensity to consume.
التوضيح
According to the given data, disposable ...
Macroeconomics 13th Edition by William Baumol ,Alan Blinder
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