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What are the income effects from an increase in the price

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C1+C2/(1+i1)+C3/[(1+i1) x(1+i2)] + ...=(1+i0) x (B0/P +K0) +(w/P)1 x L + (w/P)2 x L/(1 +i1) + (w/P)3 x L/[(1+i1) x (1+ i2)] + ...

What are the income effects from an increase in the price level, P, for a household that has a positive value of initial nominal bonds, B0, if B0 is zero or negative?

Reference no: EM13337821

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