The apparent conflict between the time-series and cross-section evidence on the U.S
saving ratio, where cross-section studies predict a long-run ________ in the ratio that does not emerge from the time-series studies, is ________ by the permanent-income and life-cycle hypotheses. A) rise, resolved
B) rise, created
C) fall, resolved
D) fall, created
A
Economics
You might also like to view...
One way fiscal policy affects aggregate demand is:
A. directly through government spending. B. directly through tariffs. C. directly through taxation. D. All of these are true.
Economics
Which of the following countries (or regions) produces the most output annually?
A. Japan. B. United States. C. Germany. D. China.
Economics