Macro midterm spring: analysis implies that the individual's consumption in a given period is determined not by income that period, but by income over his/her lifetime (Friedman).

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analysis implies that the individual's consumption in a given period is determined not by income that period, but by income over his/her lifetime (Friedman).

Daniel Ortega · Accepted Answer

What does the permanent income hypothesis?

Macro midterm spring

Analysis implies that the individual's consumption in a given period is determined not by income that period, but by income over his/her lifetime (Friedman).

What does the permanent income hypothesis?

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