The marginal rate of substitution of current consumption for future consumption is
A) the slope of the indifference curve.
B) minus the slope of the difference curve.
C) the downward slope of the budget constraint.
D) the endowment point.
E) the slope of the lifetime budget constraint.
Correct Answer:
Verified
Q17: Bonds are assumed to trade directly
A) through
Q18: If we represents a two-period consumer's lifetime
Q19: A one-period bond is a promise to
Q20: The consumer's lifetime budget constraint states that
A)
Q21: In the data, which of the following
Q23: The property of diminishing marginal rate of
Q24: The idea that a permanent increase in
Q25: The optimal consumption bundle is where
A) c
Q26: The two primary explanations for the excess
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A) optimum
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