The Role of Consumption in Economic Fluctuations
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Consumption and income tend to move together; the correlation of their first differences is about 0.14. In most accounts, the correlation is attributed to the upward slope of the consumption function. When the publicis better off, they consume more. But in the microeconomic theory of the household,
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美国国家经济研究局创建时间：
1984-06-01
