David consumes 140 in the current period and 220 in the future period.David's present value of lifetime consumption is 340.The real interest rate is
A) 0%.
B) 5%.
C) 10%.
D) 20%.
Correct Answer:
Verified
Q90: If consumers believe that next year a
Q91: An invention that raises the future marginal
Q92: An increase in the expected real interest
Q93: The saving-investment diagram shows that a higher
Q94: A temporary decrease in government purchases would
Q96: If the stock market booms and people
Q97: If the government reduces the effective tax
Q98: An economy has full-employment output of 5000.Government
Q99: If consumers foresee future taxes completely,a reduction
Q100: Onerous regulations on businesses that take effect
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents