The intertemporal budget constraint is written as $\left[ c _ { \text {today } } ( 1 + R ) \right] + c _ { \text {future } } = f _ { \text {todoy } } + \left[ \gamma _ { \text {today } } + ( 1 + R ) \right] + \gamma _ { \text {future } }$
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Question

The intertemporal budget constraint is written as $\left[ c _ { \text {today } } ( 1 + R ) \right] + c _ { \text {future } } = f _ { \text {todoy } } + \left[ \gamma _ { \text {today } } + ( 1 + R ) \right] + \gamma _ { \text {future } }$ 
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Quizplus · Accepted Answer

The intertemporal budget constraint should equate the present value of consumption to the present value of income, not include terms like $\gamma$ or incorrectly structured expressions.

The Intertemporal Budget Constraint Is Written As