What does a low value of the subject discount factor ( ) in the utility maximization problem

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What does a low value of the subject discount factor ( ) in the utility maximization problem for consumption and bond investments represent?

a. Higher patience

b. Higher impatience

c. Increased inflation

d. Lower interest rates

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Dec 30, 2023 08:23 AM

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What does a low value of the subject discount factor ( ) in the utility maximization problem

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Microeconomics An Intuitive Approach with Calculus

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