Multiple Choice
Maryanne expects to work for another 30 years and expects to live another 10 years after she retires.If Maryanne completely smooths consumption over her lifetime,her marginal propensity to consume out of permanent increases in income is
A) 0.25.
B) 0.33.
C) 0.67.
D) 0.75.
Correct Answer:
Verified
Correct Answer:
Verified
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