Business, 11.11.2019 20:31, AbbyRichter

The permanent income hypothesis suggests that consumer:
a. spending is made up of an autonomous amount and an amount dependent on disposable income.
b. savings depends on one's lifetime income.
c. spending is smoothed each month in response to changes in their current disposable income.
d. spending depends on income people expect over the long term, rather than on current income.

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The permanent income hypothesis suggests that consumer:
a. spending is made up of an autonom...