Describe some cognitive or behavioral limitations you have experienced when making consumption decisions and how these limitations
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Describe some cognitive or behavioral limitations you have experienced when making consumption decisions and how these limitations can lead to hand-to-mouth consumption. Why is it easier to forecast the impact of an income change on consumption for hand-to-mouth consumers than for consumption smoothers?
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Related Book For
Principles Of Economics
ISBN: 9781319330156,9781319419769
2nd Edition
Authors: Betsey Stevenson, Justin Wolfers
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