1.1. If people want to smooth their consumption over time, what will they tend to do when...

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1.1. If people want to smooth their consumption over time, what will they tend to do when they win the lottery: spend most of it within a year or save most of it for later?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 12:00 AM

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If people want to smooth their consumption over time, what will they tend to do when they win the lottery: spend most of it within a year or save most of it for later? L 0 1
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1.1. If people want to smooth their consumption over time, what will they tend to do when they win the lottery: spend most of it within a year or save most of it for later?
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1.1. If people want to smooth their consumption over time, what will they tend to do when...

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Modern Principles Macroeconomics

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