For any two periods, t and k, $c _ { k } = c _ { t } + ( 1 + R ) y _ { k }$ represents the "future's" budget constraint.

Name: For any two periods, t and k, $c _ { k } = c _ { t } + ( 1 + R ) y _ { k }$ represents the "future's" budget constraint.
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Question

For any two periods, t and k, $c _ { k } = c _ { t } + ( 1 + R ) y _ { k }$  represents the "future's" budget constraint.

Quizplus · Accepted Answer

The equation provided does not correctly represent a future budget constraint, as it lacks the necessary components such as future income, savings, or interest rates that typically define such constraints.

For Any Two Periods, T and K ck=ct+(1+R)ykc _ { k } = c _ { t } + ( 1 + R ) y _ { k }ck​=ct​+(1+R)yk​

For Any Two Periods, T and K $c _ { k } = c _ { t } + ( 1 + R ) y _ { k }$