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In the model of consumption, if 'beta' x(1 + R) In the model of consumption, if 'beta' x(l + R) < 1 o consumption growth

In the model of consumption, if 'beta' x(1 + R)

In the model of consumption, if 'beta' x(l + R) < 1 o consumption growth is negative. o you began to do precautionary saving. o permanent income is constant o you save more. C) wealth declines

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