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bedau bedau
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6 years ago
Suppose a person calculates her permanent income by adaptive expectations. Last year's permanent income was 38,000, this year's actual income is 41,000, j = 0.30, and k = 0.86. What is her consumption expenditure this year?
A) 30,422
B) 12,174
C) 40,226
D) 38,774
E) 33,454
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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thecromthecrom
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bedau Author
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#2
5 years ago
c'est magnifique !
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