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Conventional Macro Models and Aggregate
An Overview of the Book
The Household Sector in the Simple Model
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amount assets associated uith balance sheet betueen central bank ceteris paribus Chapter checkable deposits commodities concave function current consumption current period demand for currency denotes discount rate dividends per share dollar domestic private financial equity shares excess reserves foreign exchange foreign sector government sector government-produced government's high-pouered money Houever household sector's demand income effect income per share increase interest rate louer marginal cost marginal product marginal revenue marginal utility market price money uage nonfinancial business sector nonfinancial sector number of hours opportunity cost optimal ouners outstanding parameters period's anticipated personal loans physical capital present value presumably private depository institutions private financial sector privately-produced purchasing pouer raise reduce represents rise sector anticipates sector plans sector uill tend substitution effects taxes transactions uants uealth uell uere uhen uhere uhich the government uhich the household uith respect uork uorkers uould vieued