Flexible expenses make up the largest portion of a household expense list. These include daily, weekly, monthly and annual expenditures that are necessary but can be adjusted to make your budget work. Categories include food and groceries, out-of-pocket medical expenses, clothing and personal expen...
QHh is the quantity of household consumption; βc,h is the personal budget scale factor; YIh is the personal budget proportional coefficient; MPSh is the marginal saving rate; TINSh is the rate of direct tax; QINVc is the quantity of investment demand; 𝐼𝐴𝐷𝐽 IADJ¯ is the adj...