ECON 100 Tutorial: Week 16 - PowerPoint Presentation

ECON 100 Tutorial: Week 16
ECON 100 Tutorial: Week 16

ECON 100 Tutorial: Week 16 - Description

wwwlancasteracukpostgradmurphys4 smurphy5lancasteracuk office LUMS C85 Permanent Income Hypothesis People will spend money at a level consistent with their expected longterm or lifetime income When young people generally borrow when middle aged people pay off their loans and s ID: 533039 Download Presentation


income 000 short run 000 income run short 400 permanent question economy multiplier 500 age mpc 75y year 25y consumption annual long

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