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ice5192 ice5192
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6 years ago
The assumption that current-period consumption demand is negatively related to the real interest rate is justified as long as the
A) income effect dominates the substitution effect.
B) substitution effect dominates the income effect.
C) representative consumer is a borrower.
D) representative consumer is a lender.
E) income effect and substitution effects are equal.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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karmarkarmar
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ice5192 Author
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#2
6 years ago
Thanks!
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