Describe the effect of each of the following events on individuals rate of time preference and thus

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Describe the effect of each of the following events on individuals’ rate of time preference and thus on interest rates:
(a) A technological advance that increases longevity
(b) An increased threat of war
(c) Growing older

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:53 AM

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Describe the effect of each of the following events on individuals rate of time preference and thus

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a If individuals feel that they will live longer they may be less inclined toward current consumpt...View the full answer

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