Multiple Choice
In Irving Fisher's two-period consumption model, if Y1 = 20,000, Y2 = 15,000, and the interest rate r is 0.50 (50 percent) , then the maximum possible consumption in period two is:
A) 15,000.
B) 25,000.
C) 35,000.
D) 45,000.
Correct Answer:
Verified
Correct Answer:
Verified
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