Illustrate what are the limitation of the equilibrium level

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Q. Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model?

Q. What issues might arise from using nominal measures of consumption and real income in an OLS regression model to estimate marginal propensity to consume out of permanent income

 

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Illustrate what are the limitation of the equilibrium level : Illustrate what are the limitation of the equilibrium level of national income determined in Keynesian cross model.
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