The life-cycle hypothesis predicts what consequence of aging of the overall population? [That is,an increase in T,relative to R & L.]
A) a decrease in the marginal propensity to consume out of wealth
B) an increase in aggregate saving
C) a decrease in the marginal propensity to consume out of income
D) an increase in aggregate wealth
Correct Answer:
Verified
Q62: Advances in medical practice have increased both
Q63: According to rational expectations,expectations will only change
Q64: In the permanent income hypothesis,income that does
Q65: Suppose consumers anticipate that their wealth will
Q66: Intertemporal choice theory is more consistent with
Q68: According to the life-cycle hypothesis _.
A)households consume
Q69: According to the life-cycle hypothesis,as consumers get
Q70: According to the life-cycle hypothesis,as people grow
Q71: The theory of intertemporal choice,and the life-cycle
Q72: Current estimates of the marginal propensity to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents