In choice sets, intertemporal budget constraints illustrate consumption trade-offs over time.
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Q3: The opportunity cost of current consumption differs
Q4: In the typical leisure/consumption model, an increase
Q5: An "endowment" is something whose value is
Q6: Suppose you earn annually compounding interest of
Q7: A bond that promises to pay $X
Q9: Since interest rates for borrowing are usually
Q10: An increase in the interest rate is
Q11: Write down the budget constraint equation as
Q12: Changes in interest rates cause the same
Q13: Suppose a worker gets a weekly check
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