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11) Which of the following ideas applies to the pennanent-inoorne theory? I. First proposed by Modigliani. II. The steady rate of consumption a person could

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11) Which of the following ideas applies to the pennanent-inoorne theory? I. First proposed by Modigliani. II. The steady rate of consumption a person could maintain for the rest of his life. A. Neither I nor II. B. Both I and II. C. II only. D. I only

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