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    If You Live T Periods\(\beta = 1\) , And\(R = 0\)
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If You Live T Periods β=1\beta = 1β=1 , And R=0R = 0R=0

Question 74

Question 74

Multiple Choice

If you live T periods, β=1\beta = 1β=1 , and R=0R = 0R=0
, with logarithmic utility, the marginal propensity of income is approximately equal to:


A) 1/T
B) T
C) 1/2
D) Wˉ\bar {W}Wˉ
E) β(1+R) \beta ( 1 + R ) β(1+R)

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