Question: Describe the life-cycle hypothesis and how it relates to intertemporal choice. 2. Discuss the 3 main reasons for sticky prices under New Keynesian Economics 3.

  1. Describe the life-cycle hypothesis and how it relates to intertemporal choice.

2. Discuss the 3 main reasons for sticky prices under New Keynesian Economics

3. Compare and contrast the intertemporal choice hypothesis and the Keynesians theory of consumption

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