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Author Question: According to the life-cycle theory of consumption, people tend to consume less than they earn during ... (Read 29 times)

wrbasek0

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on: Apr 19, 2019

Question 1

If the substitution effect dominates the income effect, an increase in transfer payments will have a positive effect on both consumption and labor supply.


◦ true
◦ false

Question 2

According to the life-cycle theory of consumption, people tend to consume less than they earn during their main working years.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by wrbasek0 on Apr 19, 2019

duke02

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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wrbasek0

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Reply #2 on: Apr 19, 2019
Thanks


duke02

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Reply #3 on: Apr 19, 2019
Welcome :)


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