Why the long-run mpc is greater than the shortrun mpc

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What are the similarities between the life-cycle and the permanent-income hypotheses? Do they differ in their approaches to explaining why the long-run MPC is greater than the shortrun MPC ?

Reference no: EM131136454

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Why the long-run mpc is greater than the shortrun mpc : Do they differ in their approaches to explaining why the long-run MPC is greater than the shortrun MPC ?

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