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The Two Primary Explanations for the Excess Volatility of Consumption

question 56

Multiple Choice

The two primary explanations for the excess volatility of consumption are


Definitions:

Folds

Folds are bends or creases in a material made by doubling it over itself or by compressing.

Effects

Outcomes or results that are caused by some preceding action or cause.

Managable

Capable of being controlled, handled, or dealt with easily.

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

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