Multiple Choice
The life-cycle model
A) is an explanation of consumption and saving over an individual's lifetime
B) explains how individuals' longevity is tied to economic conditions
C) explains how employment varies over a person's lifetime
D) is an attempt to explain why some individuals save and others do not
E) is an attempt to explain why some individuals save and others consume
Correct Answer:
Verified
Correct Answer:
Verified
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