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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 37
Circle the letter that corresponds to the best answer. According to the permanent income hypothesis, if a person received a windfall of $100,000, he would spend ______ that year.
A) some of it
B) most of it
C) nearly all of it
D) all of it
A) some of it
B) most of it
C) nearly all of it
D) all of it
Explanation
Verified
Verified
Permanent income hypothesis states the p...
Macroeconomics 11th Edition by Stephen Slavin
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