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This problem can be addressed by a simple functional form, which relates variance of the consumption function to household characteristics as follows: σ ϵ, h 2 = X h θ + η h (4).
In principle, the consumption function provides answers to both short-run and long-run questions.
Consumption function, in economics, the relationship between consumer spending and the various factors determining it.
The dynamic relationship in the income model was the consumption function.
Ms. Friedman's early economics research on consumer spending data found its way into her husband's early book "A Theory of the Consumption Function".
A strategist informs the chief executive of a wholesale food operation that customers "can't defer their food consumption function".
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The characteristics of consumption functions are important for many questions in both macroeconomics and microeconomics.
Conventional Keynesian consumption functions suggested that the savings rate would rise as incomes rose — and this wasn't just the Keynesian interpreters, Keynes himself made the same claim.
They have shown, however, that even with consumption functions and money demand functions that are a good deal more "reasonable" than the naive relationships above, the predictions of both models are too inaccurate for the purposes of stabilization policy.
Cost, QoS, and power consumption functions are defined based on the system model.
Under the constraints on monetary balance conditions and technological constraints, THERESIA maximizes the discounted sum of the aggregated consumption functions.
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