In the absence of a financial system, the two-period model without tax
In the absence of a financial system, the two-period model without taxes predicts that
A) consumption is more volatile that output.
B) consumption is as volatile as output.
C) consumption is less volatile than output.
D) We do not know.
ANSWER
B
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.