
A consumer is a borrower if
A) optimum current consumption is less than current disposable income.
B) optimum current consumption is greater than current disposable income.
C) future disposable income is greater than current disposable income.
D) the consumer's indifference curves are relatively steep.
Correct Answer:
Verified
Q21: If current income increases as much as
Q22: A temporary increase in income today leads
Q23: An increase in first-period income results in
A)
Q24: If the interest rate increases,lifetime wealth (we)
A)
Q25: A temporary decrease in taxes leads to
A)
Q27: The property of diminishing marginal rate of
Q28: Why is it important that consumers respond
Q29: For a household in a (c,c')graph,the optimal
Q30: A consumer is a lender if
A) optimum
Q31: We assume that the representative consumer's preferences
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