Indicate whether the following statements are true (T) or false (F). Exponential discounting is used by people whose preferences are time consistent. : People whose preferences are time consistent will discount an event that occurs a decade from now less today than they would one year from today. :You have present-biased preferences if you place more weight on the future moment as it approaches. People's personal discount rates are smaller in the far future than in the near future. : Falling discount rates explain time-consistent behavior. Falling discount rates over time imply that the weight we place on the welfare of any two successive generations in the distant future are more similar than the weights on two successive generations in the near future