The fact that people prefer present consumption to future consumption results in

Name: The fact that people prefer present consumption to future consumption results in
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Question

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The preference for present consumption over future consumption implies that people require higher interest rates to be willing to save more, thus lending more funds. This results in an upsloping supply of loanable funds curve, as higher interest rates incentivize more savings, increasing the supply of funds available for loans.

The Fact That People Prefer Present Consumption to Future Consumption