Do they differ in their approaches to explaining why the
What are the similarities between the life-cycle and the permanent-income hypotheses? Do they differ in their approaches to explaining why the long-run MPC is greater than the shortrun MPC ?
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a suppose you earn just as much as your neighbor but are in much better health and expect to live longer than she does
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what are the similarities between the life-cycle and the permanent-income hypotheses do they differ in their approaches
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