4. Explain why changes in consumption are unpredictable if consumers obey the permanent-income hypothesis and have rational

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4. Explain why changes in consumption are unpredictable if consumers obey the permanent-income hypothesis and have rational expectations.

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:01 AM

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4. Explain why changes in consumption are unpredictable if consumers obey the permanent-income hypothesis and have rational expectations.
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4. Explain why changes in consumption are unpredictable if consumers obey the permanent-income hypothesis and have rational

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Macroeconomics

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