The Keynesian consumption function and the theory of intertemporal choice are consistent for households ________.
A)with a binding budget constraint
B)with little or no initial wealth
C)whose consumption remains positive,even if income is zero
D)whose consumption cannot exceed current income

Question

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The Answer of The Keynesian consumption function and the theory of intertemporal choice are consistent for households ________.
A)with a binding budget constraint
B)with little or no initial wealth
C)whose consumption remains positive,even if income is zero
D)whose consumption cannot exceed current income

The Keynesian Consumption Function and the Theory of Intertemporal Choice