Top Posters
Since Sunday
T
3
s
3
o
3
G
3
k
3
C
3
a
3
K
3
f
3
j
3
b
3
c
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Scribs Scribs
wrote...
Go to Answer
Posts: 1074
Rep: 0 0
7 years ago
Both the PIH and the LCH predict that
A) the sum of saving and consumer durable purchases should increase in relation to personal income in booms and fall in recessions.
B) the sum of saving and consume nondurable purchases should increase in relation to personal income in booms and fall in recessions.
C) the sum of saving and consumer durable purchases should decrease in relation to personal income in booms and increase in recessions.
D) saving should increase in relation to personal income in booms and fall in recessions, but that consumer durables tend to behave in a more stable manner over a cycle.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
Author:
Read 52 times
1 Reply
Replies
Answer verified by a subject expert
supersuinegsupersuineg
wrote...
#1
Top Poster
Posts: 1020
Rep: 11 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Scribs Author
wrote...

7 years ago
Smart ... Thanks!
choih94
wrote...

Yesterday
Helped a lot
dedricgard
wrote...

2 hours ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  884 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 783
  
 305
  
 829
Your Opinion
Who's your favorite biologist?
Votes: 587
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?