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Home Q & A Board Other Fields Homework Help Business Economics
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Munze Munze
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7 years ago
Consumption is most likely to respond one-for-one with changes in current income when
A) the change in current income results from a one-time bonus
B) people believe the change in their current income is temporary.
C) people are able to borrow as much as they wish, as long as they pay it back.
D) the change in current income is caused by the business cycle.
E)  none of the above
Textbook 
Macroeconomics

Macroeconomics


Edition: 6th
Authors:
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Macroeconomics, 6/E (Blanchard, Johnson)
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legendvpnlegendvpn
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7 years ago
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Munze Author
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#2
6 years ago
Excellent answer!
Macroeconomics, 6/E (Blanchard, Johnson)
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