Question: 5. Using intertemporal preferences/indifference curves. explain why one person will rationally respond to a budget constraint by saving whereas another person will rationally respond to

5. Using intertemporal preferences/indifference curves. explain why one person will rationally

respond to a budget constraint by saving whereas another person will rationally

5. Using intertemporal preferences/indifference curves. explain why one person will rationally respond to a budget constraint by saving whereas another person will rationally respond to the same budget constraint by borrowing. Include a diagram to help illustrate and explain your

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