The aggregate household budget constraint is consumption plus net investment is real GDP less depreciation.
Correct Answer:
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Q14: When the labour and capital markets clear:
A)depreciation
Q15: In the one period budget constraint sources
Q16: Figure 7.1 Q17: A discount factor is used to deflate Q18: If the value of initial assets increases, Q20: Real saving in year one is: Q21: An income effect is the response of Q22: An increase in the interest rate: Q23: In the one period budget constraint the Q24: The measure used to reduce future consumption
A)real bonds
A)makes future
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