Question
Consumption smoothing (and the assumption of no Ponzi schemes) implies a country with a permanent increase in income should: A. increase net exports B. decrease
Consumption smoothing (and the assumption of no Ponzi schemes) implies a country with a permanent increase in income should:
A. increase net exports
B. decrease net exports
C. none of the above
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Business A Changing World
Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
10th edition
1259179397, 978-1259179396
