The measure used to reduce future consumption to today's values is called:
A) an implicit deflator.
B) a discount factor.
C) an escalator.
D) a future value.
Correct Answer:
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Q19: The aggregate household budget constraint is consumption
Q20: Real saving in year one is:
A)real bonds
Q21: An income effect is the response of
Q22: An increase in the interest rate:
A)makes future
Q23: In the one period budget constraint the
Q25: Utility in economics is:
A)a product with a
Q26: In the one period budget constraint the
Q27: An increase in the interest rate:
A)makes consumption
Q28: An increase in the interest rate:
A)makes future
Q29: If a household consumes one less unit
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