Exam (elaborations)
Baruch College, CUNY ECO -Term Project An exercise in macroeconomics:
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Term Project An exercise in macroeconomics: Recall that in ECO 1002 or any other intro macro, total consumption expenditure is a function of disposable income (or after-tax income). Specifically, we have: Consumption = a constant + (marginal propensity to consume) * (disposable income), and ‘...
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