By the permanent-income hypothesis, the MPC of transitory income is

A) k.
B) j.
C) kj.
D) k - j.
E) 0.

E

Economics

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State three country characteristics that encourage and three that discourage economic integration among developing countries

What will be an ideal response?

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An example of a real flow in the circular flow diagram is

A) a household's supply of work effort at its new business. B) Nike's payment of wages to workers in China. C) your county's collection of property taxes. D) the government's payment of wages to a soldier. E) a teacher's salary at the local high school.

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