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### III_consumption_expectation_ho

Course: ECON 100B, Winter 2008
School: UCSD
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Word Count: 1621

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III. ECON110B Expectations and Consumption Household decision: how much of their income to consume today and how much to save for the future To show how consumption decisions depend not only on a persons current income but also on his or her expected future income and on financial wealth To look at the movements in consumption over time 1. Consumption behavior The theory of consumption was developed by Milton...

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