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Author Question: According to the permanent income hypothesis, a person's consumption increases only when A) the ... (Read 39 times)

Brittanyd9008

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on: Jun 30, 2018
According to the permanent income hypothesis, a person's consumption increases only when
 
  A) the person's average lifetime income increases. B) the person saves more.
  C) the person's current income increases. D) the person's income increases unexpectedly.

Question 2

The discretionary change of government expenditures or taxes to achieve national economic goals is
 
  A) a direct expenditure upset. B) fiscal policy.
  C) Ricardian-equivalence theorem. D) supply-side economics.


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pallen55

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


Brittanyd9008

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

dreamfighter72

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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