Author Question: The permanent income hypothesis indicates that increased savings will cause an increase in long term ... (Read 111 times)

jilianpiloj · **on:** Jun 30, 2018

The permanent income hypothesis indicates that increased savings will cause an increase in long term income.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The supply curve of labor is less elastic in the long run compared to the short run.
Indicate whether the statement is true or false