T.D.Goneworth,a financial services firm,makes people want their money and want it now.If the firm is successful in advertising this message and convinces people to believe it,then,all else equal,T.D.Goneworth has
A) caused people to increase their consumption smoothing.
B) caused people to reduce their time preferences.
C) equalized the real and nominal rates of interest.
D) increased the rate of inflation.
E) caused people to increase their time preferences.
Correct Answer:
Verified
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