Permanent income is income individuals expect to receive on average over the long-run.

Name: Permanent income is income individuals expect to receive on average over the long-run.
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Quizplus · Accepted Answer

Permanent income is defined as income individuals expect to receive over an extended period of time, typically multiple years. This is in contrast to transitory income, which may be temporary and fluctuate from year to year. Therefore, statement A is correct.

Permanent Income Is Income Individuals Expect to Receive on Average