Economy, asked by gowalakhiroda, 1 month ago

state and explain critically the life style hypothesis

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Answered by kumarisoniasonia2488

0

Answer:

The life-cycle hypothesis (LCH) is an economic theory that describes the spending and saving habits of people over the course of a lifetime. ... The theory is that individuals seek to smooth consumption throughout their lifetime by borrowing when their income is low and saving when their income is high.

Answered by sdahal8844

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