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28 Sep 2019
The average propensity of consumption in the long-run is considered to be stable under the life-cycle hypothesis (LHC) and permanent income hypothesis (PIH). Explain why.
The average propensity of consumption in the long-run is considered to be stable under the life-cycle hypothesis (LHC) and permanent income hypothesis (PIH). Explain why.
Joshua StredderLv10
28 Sep 2019