Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 20, Problem 6IP

(a)

To determine

The wealth distribution to change over time.

(b)

To determine

The traditional model’s predictions based on the assumptions of rationality.

(c)

To determine

Determination of rational people needed for the standard model to give the accurate aggregate predictions.

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