In the intertemporal budget constraint,
Is:
A)lifetime income.
B)total lifetime wealth.
C)today's wages.
D)a household stock of bank savings.
E)future wealth.

Name: In the intertemporal budget constraint, Is: A)lifetime income. B)total lifetime wealth. C)today's wages. D)a household stock of bank savings. E)future wealth.
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Question

In the intertemporal budget constraint, 
Is:
A)lifetime income. 
B)total lifetime wealth. 
C)today's wages. 
D)a household stock of bank savings. 
E)future wealth.

Quizplus · Accepted Answer

The intertemporal budget constraint represents the household's total lifetime wealth, taking into account their current consumption, labor income, and savings over time.

In the Intertemporal Budget Constraint