An intertemporal budget constraint is downward sloping due to ________.
A) the trade-off between current and future consumption
B) the law of diminishing marginal productivity
C) the law of supply
D) the law of demand
Correct Answer:
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Q1: Which of the following is not true
Q3: Intertemporal Budget Constraint Q4: Which of the following is the correct Q5: Consumption spending comprises what percentage of total Q6: In the equation S = Y - Q7: Assuming no bequests,with a real interest rate Q8: Discounting involves dividing next-period income by _. Q9: Intertemporal Budget Constraint Q10: The optimal level of consumption is achieved Q11: If an indifference curve intersects the budget
A)one
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