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Both the Permanent-Income and Life-Cycle Hypotheses Make the Assumption That

question 38

Multiple Choice

Both the permanent-income and life-cycle hypotheses make the assumption that people prefer a ________ consumption pattern in the long run,and so have a ________ short-run MPC out of sudden changes in income.


Definitions:

Résumé

A document summarizing an individual's work experience, education, skills, and accomplishments, often used as part of a job application.

Target Readers

A specific group of people whom content is aimed at, based on various factors such as age, interests, and demographics.

Customizing

The act of altering or modifying something to suit specific preferences or requirements.

Job Opening

A vacancy or position available for employment within an organization, awaiting suitable candidates to apply.

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