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What is meant by excess sensitivity of consumption? Is this view of consumption consistent with the permanent-income hypothesis? Explain. How does the stock market affect
- What is meant by "excess sensitivity" of consumption? Is this view of consumption consistent with the permanent-income hypothesis? Explain.
- How does the stock market affect consumption according to the permanent-income hypothesis? Is this prediction in line with the empirical evidence? Explain
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Real Estate Principles A Value Approach
Authors: David C Ling, Wayne Archer
5th edition
77836367, 978-0077836368
