In light of the above discussion, how is a greater degree of habit persistence in consumption likely

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In light of the above discussion, how is a greater degree of habit persistence in consumption likely to affect the marginal propensity to save? Explain your reasoning.

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Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

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Question Posted: Jun 23, 2017 08:35 AM

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In light of the above discussion, how is a greater degree of habit persistence in consumption likely

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Because the marginal propensity to save is one min...View the full answer

Economics Today The Macro View

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