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★ѕραndavir ★ѕραndavir
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7 years ago
The application of rational expectations to the permanent-income hypothesis implies that information contained in
A) only past income levels will determine permanent income.
B) only past income levels will determine transitory income.
C) only new changes in income that are unanticipated can change permanent income.
D) only new changes in income that are anticipated can change permanent income.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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6 years ago
A good answer to a tough question
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