Because people cannot perfectly foresee income changes over their lifetimes, consumption should be predictable.

Name: Because people cannot perfectly foresee income changes over their lifetimes, consumption should be predictable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Consumption cannot be perfectly predictable as income changes are uncertain over an individual's lifetime. This uncertainty can be due to various factors such as changes in employment, unexpected expenses, and economic conditions.

Because People Cannot Perfectly Foresee Income Changes Over Their Lifetimes