A consumer is a lender if
A) optimum current consumption is less than current disposable income.
B) optimum current consumption is greater than current disposable income.
C) current disposable income is greater than future disposable income.
D) the consumer's indifference curves are relatively flat.
Correct Answer:
Verified
Q25: A temporary decrease in taxes leads to
A)
Q26: A consumer is a borrower if
A) optimum
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
Q31: We assume that the representative consumer's preferences
Q32: For a lender in a (c,c')graph,the optimal
Q33: A permanent increase in income leads to
A)
Q34: With higher future taxes
A) current consumption declines.
B)
Q35: In the two-period model,r denotes
A) real income.
B)
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