Milton Friedman Argued That, Over Long Periods of Time, the Average

question 116

Multiple Choice

Milton Friedman argued that, over long periods of time, the average propensity to consume is constant because, over these long periods of time:

• A) the variation in income is dominated by the transitory component
• B) the variation in income is dominated by the permanent component.
• C) it is the behavior of the average consumer that dominates.
• D) income averages out to a constant.

Discuss the suggestions for overcoming the fear of self-disclosure.

Understand the concept and importance of gut-level communication.

Identify and describe the five levels of self-disclosure according to John Powell.

Analyze the effects of gut-level communication on honesty and relationship building.

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