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The life-cycle theory of consumption predicts that when Jason anticipates a higher income in the future, then Jason will Group of answer choices consume more
The life-cycle theory of consumption predicts that when Jason anticipates a higher income in the future, then Jason will Group of answer choices consume more and save less in the current period. not change the amount of consumption or saving in the current period. consume less and save less in the current period. consume less and save more in the current period
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Macroeconomics
Authors: N. Gregory Mankiw, William M. Scarth
5th Canadian Edition
1464168504, 978-1464168505
