Explain how consumption has grown over the long run.
-How does wealth and debt affect spending?
Correct Answer:
Verified
Q4: Whats defention of terms:
-dis-saving
Q5: Whats defention of terms:
-marginal propensity to consume
Q6: Whats defention of terms:
-marginal propensity to save
Q7: Whats defention of terms:
-savings
Q8: Explain how consumption has grown over the
Q10: Describe how consumption behaves over the business
Q11: Describe how consumption behaves over the business
Q12: Describe how consumption behaves over the business
Q13: Describe how consumption behaves over the business
Q14: Compare and discuss determinants of aggregate consumption.
-Why
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