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________ Provided a "Natural Experiment" for the Permanent-Income and Life-Cycle

Question 94

Multiple Choice

________ provided a "natural experiment" for the permanent-income and life-cycle hypotheses, which used to provide an annual ________.


A) Texas; state income tax refund
B) Arkansas; lump sum Social Security payment
C) Nevada; credit to families' income taxes
D) New Hampshire; one-month utility payment
E) Alaska; permanent fund check

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