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    Principles of Macroeconomics Study Set 13
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    Exam 13: Consumption and the Aggregate Expenditures Model
  5. Question
    The Current Income Theory Assumes That Current Consumption Is Based
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The Current Income Theory Assumes That Current Consumption Is Based

Question 34

Question 34

True/False

The current income theory assumes that current consumption is based on the average
Jincome people expect to receive for the remainder of their lives.

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