If $c _ { \text {future } } > c _ { \text {today } }$

Multiple Choice

If $c _ { \text {future } } > c _ { \text {today } }$ , then:

A) $\beta ( 1 + R ) < 1$ and consumption shrinks
B) $\beta ( 1 + R ) > 1$ and consumption grows
C) $\beta < 0 < ( 1 + R )$ and you decide to save
D) $y _ { \text {today } } < y _ { \text {future } }$ , because you make higher income in the future
E) $\bar { X } = 0$ , because you have drawn your savings down to zero