Some people save a positive percentage of their income throughout most of their lives. Draw a diagram

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Some people save a positive percentage of their income throughout most of their lives. Draw a diagram to illustrate the preferences of such people as between present and future consump tion. (Hint: The locus of points representing short-run consumption/saving decisions should not intersect the income locus, however wealthy such people might become.)

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Intermediate Microeconomics

ISBN: 9780155414969

1st Edition

Authors: Robert W. Clower, Philip E. Graves

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