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★ѕραndavir ★ѕραndavir
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6 years ago
If people leave bequests primarily because they are uncertain about the timing of their deaths,
A) the marginal propensity to consume out of a temporary change in income would tend to be higher than in the simple version of the LCH.
B) unrealized capital gains from higher housing prices will probably lead to a higher consumption-to-income ratio than in the simple version of the LCH.
C) increases in wealth from the stock market would be consumed over a longer time horizon than in the simple version of the LCH.
D) A and C are both correct.
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Macroeconomics

Macroeconomics


Edition: 12th
Author:
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supersuinegsupersuineg
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5 years ago
A good answer to a tough question
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