Question:
Analysis implies that the individual's consumption in a given period is determined not by income that period, but by income over his/her lifetime (Friedman).
Author: Daniel OrtegaAnswer:
What does the permanent income hypothesis?
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Daniel Ortega![Daniel Ortega](https://markdown.memory.com/assets/uploadImageUrl__20ae8c2b-bcdb-43f2-a5bf-98f83c1b047c.jpg)