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    Principles of Macroeconomics Study Set 11
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    Exam 16: Household and Firm Behavior in the Macroeconomy: a Further Look
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    Explain the Life-Cycle Theory of Consumption
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Explain the Life-Cycle Theory of Consumption

Question 46

Question 46

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Explain the life-cycle theory of consumption. How does it differ from the Keynesian theory of consumption?

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According to the life-cycle theory of co...

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