Question
If a household wins the lottery, what happens to the household's income constraint? It disappears It shifts to the right because prices will drop. It
If a household wins the lottery, what happens to the household's income constraint?
It disappears
It shifts to the right because prices will drop.
It declines because there is less of a constraint.
It shifts to the right because nominal income has increased.
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
