consumption, Macroeconomics

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what is the impact of interest rate in consumption

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The Government, Rest of the World and the financial markets total expenditure of government can be divided into two parts: transfers to private sector and consumption.

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Summary of the cross model The below list summarizes the cross model and associates it to classical model:  Labor Market: Real wages W/P is exogenous in cross model

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According to the imperfect-information model, when the price level is greater than the expected price level, output will _____ the natural level of output A) be greater than

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