How does the existence of assets affect consumption and income in the life-cycle hypothesis (LCH)?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:23 AM

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How does the existence of assets affect consumption and income in the life-cycle hypothesis (LCH)?

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The theory assumes that individuals use assets to increase consumptio...View the full answer

Macroeconomics

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