A young girl is saving money for a soccer ball but is tempted to buy a book.If the girl buys a book rather than continuing to save for the ball:
A) the girl has exchanged high time preferences for low.
B) the girl has exchanged low time preferences for high.
C) the girl has engaged in consumption smoothing.
D) the bookseller has moved from being a lender of loanable funds to a borrower.
E) the bookseller has moved from being a borrower to a lender of loanable funds.
Correct Answer:
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