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★ѕραndavir ★ѕραndavir
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6 years ago
In the permanent-income hypothesis incorporating rational expectations, the actual cyclical pattern of consumption in the United States is too ________ to justify the assumption that a current change in income ________.
A) smooth, is a poor guide to future income changes
B) volatile, is a poor guide to future income changes
C) smooth, leads to a gradual change in permanent income
D) volatile, leads to a gradual change in permanent income
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Macroeconomics

Macroeconomics


Edition: 12th
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thecromthecrom
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6 years ago
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★ѕραndavir Author
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6 years ago
Smart ... Thanks!
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This site is awesome
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This helped my grade so much Perfect
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