The permanent income hypothesis and the Ricardian equivalence theorem Select one: O a. are the same thing. O b. are related, but the first relates to the behavor of the whole economy, while the second relates to the behavor of a single consumer. O c. are related, but the first relates to the behavior of a sıngle consumer while the second relates to the behavior of the whole economy. O d. are completely unrelated.
The permanent income hypothesis and the Ricardian equivalence theorem Select one: O a. are the same thing. O b. are related, but the first relates to the behavor of the whole economy, while the second relates to the behavor of a single consumer. O c. are related, but the first relates to the behavior of a sıngle consumer while the second relates to the behavior of the whole economy. O d. are completely unrelated.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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