Exploring Macroeconomics
7th Edition
ISBN: 9781285859446
Author: Sexton, Robert L.
Publisher: Cengage Learning
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Chapter 17, Problem 7P
To determine
To Explain:
The reason for ATMs and online banking has been a significant reason for making saving accounts more liquid than they were before.
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Problem 2. If the consumer preference can be represented by a CES function with δ = 0.5, i.e. u(x, y) = x0.5 + y0.5. Let the prices and income be (px, py, w).
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Exploring Macroeconomics
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