Choosing how to allocate the consumption of goods, work, and leisure across time to maximize well-being is called

Name: Choosing how to allocate the consumption of goods, work, and leisure across time to maximize well-being is called
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Intertemporal substitution refers to the choice of how to allocate consumption, work, and leisure across time in order to maximize well-being. Irreversible consumption, consumption adjustment costs, and consumption bunching are not terms used to describe this concept.

Choosing How to Allocate the Consumption of Goods, Work, and Leisure