According to the Permanent Income Hypothesis

question 185

Multiple Choice

According to the permanent income hypothesis,

• A) consumption in any period depends on the stable annual income that people expect to earn in their jobs.
• B) the amount of income that people require depends on the amount of consumption they need and want to undertake.
• C) consumption in any period depends on the average annual income people expect to receive for the rest of their lives.
• D) the amount of personal saving depends on the amount of consumption people plan to undertake when they retire.

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Definitions:

Metr/o

A prefix related to measurement or the uterus, depending on context.

Intra-

A prefix meaning "within" or "inside," used to indicate a location or action taking place within a specified area or organ.

Staphylococcus Aureus

A type of bacteria that can cause a range of illnesses, from minor skin infections to life-threatening diseases like pneumonia and meningitis.

Menstruating Women

Women who are currently undergoing the periodic discharge of blood and mucosal tissue from the inner lining of the uterus through the vagina.