Macroeconomics (Fourth Edition)
Macroeconomics (Fourth Edition)
4th Edition
ISBN: 9780393603767
Author: Charles I. Jones
Publisher: W. W. Norton & Company
Question
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Chapter 16, Problem 7E

a)

To determine

Explain consumption inequality in the neoclassical model.

b)

To determine

The effect of increase in the frequency and magnitude of temporary shocks in the consumption inequality.

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