Because permanent income includes transitory changes in income,permanent income is more equally distributed than is current income.

Name: Because permanent income includes transitory changes in income,permanent income is more equally distributed than is current income.
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Permanent income excludes transitory changes and reflects a long-term average, which tends to be more stable and equally distributed than current income, which includes short-term fluctuations.

Because Permanent Income Includes Transitory Changes in Income,permanent Income Is