Is it a reasonable assumption that consumption does not depend on transitory income? If it did, what

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Is it a reasonable assumption that consumption does not depend on transitory income? If it did, what would this do to the shape of the short-run consumption function?

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Economics

ISBN: 978-1292187853

10th edition

Authors: John Sloman, Jon Guest, Dean Garratt

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Question Posted: Apr 03, 2019 09:16 AM

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Is it a reasonable assumption that consumption does not depend on transitory income? If it did, what

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No In certain circumstances people may use tra...View the full answer

Economics

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