The change in the savings rate during the 1990s is NOT consistent with
A) Friedman's permanent-income hypothesis.
B) Modigliani's life cycle hypothesis.
C) the boom in the stock market.
D) All of the above.
Correct Answer:
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Q5: The _ nature of consumer durables expenditures
Q6: Keynes was concerned about an implication of
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Q9: The Keynesian consumption function implies that at
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Q13: The largest component of total spending is
A)private
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Q15: The consensus is that approximately _ percent
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