| 词汇 | example_english_representative-household |
| 释义 | representative householdcollocation in Englishmeanings of representativeand householdThese words are often used together. Click on the links below to explore the meanings. Or, see other collocations with household. representative adjective uk /ˌrep.rɪˈzen.tə.tɪv/ us /ˌrep.rɪˈzen.t̬ə.t̬ɪv/ typical of, or the same as, others in a larger group of people ... See more at representative household noun[C, + sing/pl verb] uk /ˈhaʊs.həʊld/ us /ˈhaʊs.hoʊld/ a group of people, often a family, who ... See more at household Examples of representative householdThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. This c 1 can be alternatively interpreted as the (minimum) offer price for a representativehousehold, for avoiding illness. The representativehousehold maximizes expected lifetime utility of consumption subject to a sequence of budget constraint. The representativehousehold consists of two members: a shopper and a worker. The optimization problem of the representativehousehold can now be restated. There exists a single representativehousehold in the economy. There are three sets of agents in the economy, a representativehousehold and two types of perfectly competitive firms. Thus, for the purpose of studying aggregate or per-capita dynamics, there is no loss of generality in restricting attention to a representativehousehold. We find that eliminating government expenditure shocks from the model is welfare deteriorating, whereas removing monetary growth shocks improves welfare for the representativehousehold. After goods production and trade take place, the firm makes its wage payment and distributes any profit as a dividend to the representativehousehold. The behavioral nature of the model is described by the utility-maximizing and portfolio-optimizing behavior of a representativehousehold. Recapitulating, the optimizing behavior of the representativehousehold is characterized by two equations. The probability of an individual being ill in a representativehousehold can be calculated for each age category. In equilibrium, aggregate per capita quantities turn out to be equal to the choices of the representativehousehold. We maintain the fiction that all firms, including those in the competitive sector, are owned by a single representativehousehold. The problem of the representativehousehold is to choose its consumption-savings, labor, and real balances plans to maximize (3) subject to (2) and (11). The private sector consists of a representativehousehold and a representative firm, who both act competitively. We choose to yield steadystate work time of the representativehousehold equal to 1/3 of its time endowment. The key assumption is that the representativehousehold makes its decision on bond and money holdings before the realization of the shock. By using a nationally representativehousehold population sample we minimized this source of bias. In our previous analysis, we found that government expenditure shocks enhanced welfare because their elimination resulted in a welfare loss for the representativehousehold. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Want to learn more? Go to the definition of representative Go to the definition of household See other collocations with household |
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