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"Consumption expenditures by households in the United States acccount for about 70% of America's GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in prices and income." -- Back cover
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The EU and the US confront distinct factor market dynamics and common policy challenges. Labor market developments and long-term changes in capital markets and capital flows represent key problems in aging societies. This book charts the role of different innovation systems and knowledge...
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