Macroeconomics
4th Edition
ISBN: 9780393602487
Author: Jones, Charles I.
Publisher: W. W. Norton & Company
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Question
Chapter 16, Problem 5E
a)
To determine
Equation for today and future consumption, if β ≠ 1.
b)
To determine
Equation for today and future consumption, if β = 1.
c)
To determine
Equation for today consumption, if β < 1.
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