If consumer expenditure is related to consumers expectations of their average income in the future, will an

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If consumer expenditure is related to consumers’ expectations of their average income in the future, will an income tax cut have a larger effect on consumer expenditure if the public expects the tax to last for one year or for ten years?

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Economics of Money, Banking and Financial Markets

ISBN: 978-0321598905

9th Edition

Authors: Frederic S. Mishkin

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Question Posted: Aug 12, 2012 04:35 AM

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If consumer expenditure is related to consumers expectations of their average income in the future, will an

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