in the field of economics, the observation that the living standard of a household is more stable than its income, because people think in terms of their long-term earnings as they spend, is known as: permanent income versus current income. intergenerational mobility and inequality of opportunity. wealth and inequality of purchasing power. consumption and inequality of living standards.

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02-11-2022
Business

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in the field of economics, the observation that the living standard of a household is more stable than its income, because people think in terms of their long-term earnings as they spend, is known as: permanent income versus current income. intergenerational mobility and inequality of opportunity. wealth and inequality of purchasing power. consumption and inequality of living standards.

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