People engage in intertemporal substitution because they:
A) are required to work longer hours when economies are expanding.
B) are rational.
C) are trying to achieve consumption smoothing.
D) prefer fluctuations in their incomes.

Question

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The Answer of People engage in intertemporal substitution because they:
A) are required to work longer hours when economies are expanding.
B) are rational.
C) are trying to achieve consumption smoothing.
D) prefer fluctuations in their incomes.

People Engage in Intertemporal Substitution Because They