In the intertemporal budget constraint, wealth is equal to lifetime income.
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Q85: The intertemporal budget constraint is written as
Q86: Figure 16.6: Personal Savings Rate 
Q87: The left-hand side of the Euler equation,
Q88: If the Euler equation did not hold,
Q89: The consumer's lifetime utility is given as
Q91: We can treat all households as homogeneous.
Q92: Individuals who have restricted access to credit
Q93: Behavioral economics treats all households as heterogeneous.
Q94: Consumption smoothing is an implication of the
Q95: For any two periods, t and k,
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