Multiple Choice
The theory of intertemporal choice,and the life-cycle and permanent income hypotheses have in common the assumption that ________.
A) consumption decisions are affected by current expectations about lifetime resources
B) consumption decisions are based on all available information
C) current income,rather than expected income,has the greater influence on consumption decisions
D) decisions to borrow and save are influenced much more by immediate circumstances than by long-term consequences
Correct Answer:
Verified
Correct Answer:
Verified
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