document.write( "Question 1130277: Regarding the Milton Permanent Income Hypothesis
\n" ); document.write( "Friedman, calculate permanent income, transitory income, consumption, and saving for t = (1, 2, 3 and 4). Take into account that:\r
\n" ); document.write( "\n" ); document.write( "𝑌1 = 2000 + 200
\n" ); document.write( "𝑌2 = 2100
\n" ); document.write( "𝑌3 = 2200
\n" ); document.write( "𝑌4 = 2300
\n" ); document.write( "𝐶𝑡 = α𝑌𝑡𝑃
\n" ); document.write( "β = 0.2
\n" ); document.write( "α = 0.8\r
\n" ); document.write( "\n" ); document.write( "Observation:
\n" ); document.write( "the \"t\" in the \"ct\" is in the denominator of the \"y\" and the \"p\" is in the exponent. \n" ); document.write( "

Algebra.Com's Answer #746980 by ikleyn(52781) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( "\n" ); document.write( "We, the tutors of this forum, are not specialists in this very highly specialized Finance area.\r
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\n" ); document.write( "\n" ); document.write( "It is FAR OUTSIDE of our specialization and from the profile of this forum.\r
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