Macroeconomics (Fourth Edition)
Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
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Chapter 16, Problem 3E

a)

To determine

Calculation of current consumption, future consumption, and the savings of a consumer.

b)

To determine

Change in today consumption when the stock market booms doubling the values.

c)

To determine

Change in today consumption when the housing market booms rise the equity.

d)

To determine

Change in US economy around 2007 based on the calculations.

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