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    Intermediate Microeconomics Study Set 1
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    Exam 9: Intertemporal Choice-Part A
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    If a Consumer Can Borrow and Lend at the Same
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If a Consumer Can Borrow and Lend at the Same

Question 28

Question 28

True/False

If a consumer can borrow and lend at the same interest rate, then he can exactly afford a consumption plan if the present value of his consumption equals the present value of his income.

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