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Vanessa tells people she is consuming more now and probably will continue to do so for some time, but she believes her consumption will smooth
Vanessa tells people she is consuming more now and probably will continue to do so for some time, but she believes her consumption will smooth out over her lifetime. Vanessa's consumption pattern reflects the:
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relative income hypothesis.
accelerator principle.
lifecycle income hypothesis.
multiplier hypothesis.
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Managerial Economics A Problem-Solving Approach
Authors: Luke M. Froeb, Brain T. Mccann
2nd Edition
B00BTM8FK0
