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    Exam 9: Intertemporal Choice-Part A
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    In a Graph That Has Current Consumption on the Horizontal
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In a Graph That Has Current Consumption on the Horizontal

Question 45

Question 45

True/False

In a graph that has current consumption on the horizontal axis and future consumption on the vertical axis, the horizontal intercept of the budget line is the present value of all one's income in the two periods.

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