According to Friedman's "permanent income hypothesis,"
A) Consumption today is based on income today.
B) Consumption for future periods is based on today's income.
C) Income is never permanent because of the government's ability to tax.
D) Consumption depends on our expected income stream over time.
E) Income today depends on our expected consumption over time.
Correct Answer:
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A)4 percent
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A).25.
B).5.
C).75.
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Q123: 
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