The quantity of present goods that must be forgone to increase future consumption by 1 unit is called

Name: The quantity of present goods that must be forgone to increase future consumption by 1 unit is called
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The relative price of future goods refers to the amount of present goods that must be sacrificed to obtain an additional unit of future goods. This concept is crucial in understanding intertemporal choice and the trade-off between present and future consumption.

The Quantity of Present Goods That Must Be Forgone to Increase