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Author Question: Which of the following expressions is correct? A) B = + BR B) BR = + B C) = B + BR D) = -BR - ... (Read 56 times)

BrownTown3

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Which of the following expressions is correct?
 
  A) B = + BR
  B) BR = + B
  C) = B + BR
  D) = -BR - B

Question 2

According to the permanent-income hypothesis, a permanent increase in a person's income will
 
  A) increase consumption more than savings.
  B) increase savings more than consumption.
  C) be smoothed out to where the increases in consumption and savings are roughly equal.
  D) have the same effect on consumption as a transitory increase in income.



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missalyssa26

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Answer to Question 1

A

Answer to Question 2

A





 

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