Stewart Shopaholic,a compulsive shopper who likes to spend a lot of money all the time,
A) has a high time preference.
B) has a low time preference.
C) prefers to borrow at the nominal rate,rather than the real rate of interest,if inflation is positive.
D) is likely a supplier of loanable funds.
E) would best be described as an "income smoother" rather than a "consumption smoother."
Correct Answer:
Verified
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