Empirical evidence suggest that many consumers tend to spend all of their current disposable income immediately. Is this irrational? Discuss

Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter3: Your Role As A Consumer
Section3.1: Consumption, Income, And Decision Making
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Empirical evidence suggest that many consumers tend to spend all of their current disposable income immediately. Is this irrational? Discuss 

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