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    Exam 15: Household and Firm Behavior in the Macroeconomy: a Further Look
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    According to the Life-Cycle Theory of Consumption, People Tend to Consume
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According to the Life-Cycle Theory of Consumption, People Tend to Consume

Question 108

Question 108

True/False

According to the life-cycle theory of consumption, people tend to consume less than they earn during their main working years.

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