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if (1+R) <1, then a. consumption growth is negative b.you began to do precautionary saving c.permanent income is constant d. you save more e. wealth
if (1+R) <1, then
a. consumption growth is negative
b.you began to do precautionary saving
c.permanent income is constant
d. you save more
e. wealth declines
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Contemporary Advertising
Authors: William F Arens
16th Edition
1260735419, 9781260735413
