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Which of following statements explains why the consumption of all 'weak-willed' households tends to closely track their income? Households suffering from weakness of will
Which of following statements explains why the consumption of all 'weak-willed' households tends to closely track their income? Households suffering from weakness of will are unlikely to make the effort to find alternative income and employment in the face of a negative shock. Households suffering from 'weakness of will try to live beyond their means. Households suffering from 'weakness of will' are unlikely to have accumulated savings. Weak-willed households have no savings because they are impatient to consume as much as possible in the present.
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