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ProblemSet 6SP11 - 2 What is meant by the...

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Economics 305 Dr. Neri Problem Sets No. 6 due in class on Thursday May 10 1) Prepare short descriptions of the Life-Cycle and Permanent Income Hypotheses.
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Unformatted text preview: 2) What is meant by the phrase "consumption smoothing" and why is it a key element on the Life-Cycle Hypothesis and Permanent Income Hypotheses....
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