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Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
Edition 9ISBN: 978-0077354206 Exercise 5
According to the permanent income hypothesis, if a person received a windfall of $100,000, he would spend _______ that year.
A) some of it
B) most of it
C) nearly all of it
D) all of it
A) some of it
B) most of it
C) nearly all of it
D) all of it
Explanation
Verified
Verified
Permanent income hypothesis states the p...
Macroeconomics + Economy 2009 Update 9th Edition by Stephen Slavin
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