The Left-Hand Side of the Euler Equation $\left( c _ { \text {future } } / c _ { \text {todev } } \right) = \beta ( 1 + R )$

True/False

The left-hand side of the Euler equation, $\left( c _ { \text {future } } / c _ { \text {todev } } \right) = \beta ( 1 + R )$
, represents total lifetime consumption, in dollars.