One model in economics is the permanent income hypothesis,which basically states that a household's expenditures will not react to a change in income unless that change in income is viewed as being permanent.How would you use this model to predict the expenditure patterns over the course of a year of a real estate agent who only sells homes during the months of April through July?

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The Answer of One model in economics is the permanent income hypothesis,which basically states that a household's expenditures will not react to a change in income unless that change in income is viewed as being permanent.How would you use this model to predict the expenditure patterns over the course of a year of a real estate agent who only sells homes during the months of April through July?

One Model in Economics Is the Permanent Income Hypothesis,which Basically