On average, households spend 22.37 cents out of each dollar ofincome shocks. When people receive an additional dollar (an “income shock”), how many additional cents of that dollar do people spend on average.
On average, households spend 22.37 cents out of each dollar ofincome shocks. When people receive an additional dollar (an “income shock”), how many additional cents of that dollar do people spend on average.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter26: The Neoclassical Perspective
Section: Chapter Questions
Problem 10RQ: Do neoclassical economists tend to focus more on long term economic growth or on recessions? Explain...
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On average, households spend 22.37 cents out of each dollar of
income shocks.
When people receive an additional dollar (an “income shock”), how many additional cents of that dollar do people spend on average.
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