Milton Friedman argued that, although household studies showed that high-income households generally have lower average propensities to consume, this phenomenon is due to the fact that these households have, on average:
A) positive transitory income.
B) negative transitory income.
C) higher permanent income.
D) lower permanent income.

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The Answer of Milton Friedman argued that, although household studies showed that high-income households generally have lower average propensities to consume, this phenomenon is due to the fact that these households have, on average:
A) positive transitory income.
B) negative transitory income.
C) higher permanent income.
D) lower permanent income.

Milton Friedman Argued That, Although Household Studies Showed That High-Income