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A family's spending decisions should depend on the total income of the family, not just the income of the affected family member. Group of answer
A family's spending decisions should depend on the total income of the family, not just the income of the affected family member. Group of answer choices permanent income hypothesis. shared income hypothesis. income effect. substitution effect
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
