Multiple Choice
An intertemporal budget constraint ________.
A) describes how much time an individual consumer has to spend their disposable net national product
B) is independent of the real interest rate and wealth of the household
C) divides consumption spending into three categories: spending on durables,non-durables and services
D) describes how much a person can consume today versus tomorrow
Correct Answer:
Verified
Correct Answer:
Verified
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