Peter asked in Social ScienceEconomics · 2 months ago

A Ramsey model of consumption depends on permanent income, in which?

A Ramsey model of consumption depends on permanent income, in

which

a. government policy can raise permanent income.

b. income redistribution with non-distorting taxes can be beneÖcial.

c. a productivity increase can shift up the consumption function.

d. all of the above

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