Assume that consumption decisions are made according to the


Assume that consumption decisions are made according to the permanent income theory. Which of the following would lead to the largest increase in current consumption?

Select one:

a. inheriting $10,000 from a relative

b. obtaining $10,000 by winning a lawsuit

c. getting a one-time $10,000 bonus from your employer

d. winning $10,000 in the lottery

e. taking a new job with a salary that is $10,000 higher than your current salary

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Microeconomics: Assume that consumption decisions are made according to the
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