Multiple Choice
A good proxy for the flow of consumption services would be
A) consumption of services and consumption of durables.
B) consumption of durables and consumption of nondurables.
C) aggregate consumption.
D) consumption of nondurables and consumption of services.
E) consumption of durables and services.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: According to Friedman, a primary determinant of
Q3: Supposing Ricardian equivalence holds, an increase in
Q4: A key variable in intertemporal choice is<br>A)investment.<br>B)real
Q5: The government's future period budget constraint
Q6: The Ricardian Equivalence Theorem implies that a
Q7: What is consumption smoothing and how is
Q8: An increase in the real interest rate<br>A)increases
Q9: To ensure a well-defined solution to the
Q10: In the two-period model of the economy<br>A)there
Q11: The Ricardian equivalence theorem implies that<br>A)the timing