Difference between revisions of "Permanent income"

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(Created page with "Permanent income is income that people expect to persist into the future; normal income. (Cf. transitory income.) ==Definition== According to Macroeconomics by Mankiw (...")
 
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Latest revision as of 18:16, 2 July 2020

Permanent income is income that people expect to persist into the future; normal income. (Cf. transitory income.)

Definition

According to Macroeconomics by Mankiw (7th edition),

Permanent income. Income that people expect to persist into the future; normal income. (Cf. transitory income.)