Multiple Choice
A temporary tax change will significantly affect current consumption
A) but only if it does not come as a surprise
B) if liquidity constraints exist
C) but only for the elderly
D) as long as it does not lead to a budget deficit
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q20: What does the permanent-income theory of consumption
Q21: Robert E.Hall's theory of consumption behavior is
Q22: Hall's random walk-theory of consumption states that
Q23: If uncertainty about future income and future
Q24: If we compare the life-cycle theory of
Q26: The life-cycle theory of consumption can be
Q27: According to the simplified life-cycle theory of
Q28: The random-walk theory of consumption asserts that
Q29: There is empirical evidence for the fact
Q30: According to the permanent-income theory, if individuals