Multiple Choice
An intertemporal budget constraint is downward sloping due to ________.
A) the trade-off between current and future consumption
B) the law of diminishing marginal productivity
C) the law of supply
D) the law of demand
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Indifference curves describe _.<br>A)the relationship between current
Q34: In 2008,the wealth of U.S.households fell by
Q35: Would the Keynesian consumption function work well
Q36: According to the life-cycle hypothesis _.<br>A)households consume
Q37: The life-cycle hypothesis applies the concept of
Q39: The Keynesian consumption function and the theory
Q40: According to the life-cycle hypothesis,as consumers get
Q41: The value of the marginal propensity to
Q42: For the majority of the U.S.population _.<br>A)consumption
Q43: If households come to believe that permanent