Milton Friedman Viewed Current Income as the Sum of Permanent

question 34

Multiple Choice

Milton Friedman viewed current income as the sum of permanent income and:

• A) bonus income.
• B) transitory income.
• C) temporary income.
• D) surprise income.

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Definitions:

Internet Companies

Businesses that operate primarily on the internet, offering services or products through digital platforms, often focusing on technology, e-commerce, or social media.

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Potential scenarios or projects that can increase the profitability and size of a business.

Earnings Yields

The inverse of the price-to-earnings ratio, representing the earnings generated by a company per share relative to its share price, often used to compare the profitability of investments.

Treasury Yields

The returns on government securities that are considered risk-free; they serve as a benchmark for other interest rates.