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NYC NYC
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8 years ago
A graduate student is likely to consume more than a high school student because the:
A) high school student bases consumption on permanent income while the graduate student does not.
B) graduate student's permanent income is likely higher than the high school student's permanent income.
C) graduate student bases consumption on current income while the high school student does not.
D) none of the above
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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8 years ago
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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