Working with the life-cycle hypothesis, we find in a cross-section study of consumption that as ...

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Working with the life-cycle hypothesis, we find in a cross-section study of consumption that as ...

Working with the life-cycle hypothesis, we find in a cross-section study of consumption that as income rises there is a growing proportion of ________ people and thus a ________ saving ratio.
A) retired, rising
B) retired, falling
C) working, rising
D) working, falling

Textbook

Macroeconomics

Edition: 12^th

Author: Gordon

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