Multiple Choice
The two primary explanations for the excess volatility of consumption are
A) consumers' limited life spans and credit market imperfections.
B) credit market imperfections and changes in market prices.
C) distorting taxes and consumers' limited life spans.
D) changes in market prices and distorting taxes.
E) changes in market prices and consumer's limited life spans.
Correct Answer:
Verified
Correct Answer:
Verified
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