In the simple ________ model of consumption, we consider a(n) ________ period lifetime.
A) constant rate of risk aversion; T
B) Marxian; one
C) Stone-Geary; infinite
D) Keynesian; one
E) neoclassical; two

Question

Quizplus · Accepted Answer

In the simple neoclassical model of consumption, we consider a two-period lifetime, which is a foundational concept in economics that helps to explain how individuals plan their consumption and savings over their lifetime, typically dividing it into a working period and a retirement period.

In the Simple ________ Model of Consumption, We Consider A(n)