When will consumer choose exactly the same values for the current and future consumption? Select the response:
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Question:
- When will consumer choose exactly the same values for the current and future consumption? Select the response:
- Always
- Only when the real interest rate is positive
- Only when the real interest rate is zero
- Only when the real interest rate is negative
- Never
Expert Answer:
The answer is Only when the real interest rate is zero Consumers will choose exactly the s... View the full answer
Related Book For 
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
