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★ѕραndavir ★ѕραndavir
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6 years ago
Friedman measured "permanent" income by assuming that people adjusted their consumption on the basis of
A) an "error learning" process with respect to their expected income.
B) an adaptive expectation formation of their expected income.
C) transitory income and the level of income expected over a period of years in the future.
D) All of the above.
Textbook 
Macroeconomics

Macroeconomics


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