A decrease in income in period 1 will:
A) rotate the budget line clockwise around the endowment point.
B) rotate the budget line counter- clockwise around the endowment point.
C) parallel shift the budget line up.
D) parallel shift the budget line down.
Correct Answer:
Verified
Q1: An increase in income in period 0
Q2: The key to intertemporal decision making is:
A)the
Q4: A decrease in interest rate will:
A)rotate the
Q5: If a person's marginal rate of time
Q6: Figure 5A Q7: Consumer capital includes goods which are: Q8: In the life cycle model, total amount Q9: Investment in training is called: Q10: The present value of $1000 payable in Q11: Intertemporal choice requires knowledge of:
A)financed in
A)current consumption.
B)human capital.
C)future
A)prices and interest
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