what is transitory income?Advertisement
According to Milton Friedman in his „theory of consumption function „stated that “Transitory income is an anticipated income. It may be either positive or negative” - read more
Transitory income is the difference between the measured income and the permanent income. It can be calculated simply by subtracting the measured income from the permanent income. There is a corollary to the permanent income hypothesis named the permanent production hypothesis. - read more
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