Intertemporal substitution means changes in purchases
A) through time.
B) between imports and exports.
C) across different stores.
D) across different goods and services.

Question

Quizplus · Accepted Answer

Intertemporal substitution refers to the economic concept where consumers may change their spending on goods and services over different time periods, often in response to changes in prices or income over time.

Intertemporal Substitution Means Changes in Purchases