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Unformatted text preview: P = C P + I P + I U EQm = I U = 0 then Y P = C P + I P in equilibrium If I U doesnt equal 0, then disequilibrium Determinant of C: 1) Current Y 2) Expected Future income (EFI) 3) Real Wealth (w) 4) Interest Rates (R) 5) Confidence (Conf)...
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This note was uploaded on 04/15/2008 for the course ECON Macro taught by Professor Macinni during the Fall '07 term at Johns Hopkins.
- Fall '07