Answer to Question #5139 in Macroeconomics for kristen
a) Would the employee take this option (use a diagram)?
b) Determine, using a diagram, how this shift in income will affect consumption this year and next year and saving this year. Explain your results.
amount of money but faster.
b) This shift in income will increase consumption
and saving this year and decrease consumption and saving next year, because the
employee will have more money to spend and save this year, but less money the
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