8 Describe the effect of each of the following events on individuals rate of time preference and...

Question:

8 Describe the effect of each of the following events on individuals’ rate of time preference and thus on interest rates:

(a) a technological advance that increases longevity;

(b) an increased threat of war;

(c) growing older.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Economics

ISBN: 978-0324538014

8th Edition

Authors: Roger A Arnold

Question Posted: