Herman has an income of $2 this year and will have an income of $3 next year.

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Herman has an income of $2 this year and will have an income of $3 next year. At the current rate of interest he chooses neither to borrow nor to lend. True or False: If the interest rate goes up, Herman will become a lender and be better off.

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Price theory and applications

ISBN: 978-0538746458

8th edition

Authors: Steven E landsburg

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Question Posted: Jan 24, 2013 08:24 AM

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Herman has an income of $2 this year and will have an income of $3 next year.

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Price theory and applications

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