Because consumption is largely determined by_________ income, consumption is _________equally distributed than current income.a. permanent; moreb. permanent; lessc. transitory; mored. transitory; less
Because consumption is largely determined by_________ income, consumption is _________equally distributed than current income.a. permanent; moreb. permanent; lessc. transitory; mored. transitory; less
Chapter23: The Aggregate Expenditure Model
Section: Chapter Questions
Problem 1P
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Question
Because consumption is largely determined by
_________ income, consumption is _________
equally distributed than current income.
a. permanent; more
b. permanent; less
c. transitory; more
d. transitory; less
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