4. According to models of households with time-inconsistent preferences, people would like to commit themselves to more

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4. According to models of households with time-inconsistent preferences, people would like to commit themselves to more in the future, but when the future arrives they are tempted to more than they planned.

a. consume, save

b. consume, work

c. save, consume

d. save, work

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Macroeconomics

ISBN: 9781319263904

11th Edition

Authors: N. Gregory Mankiw

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Question Posted: Sep 30, 2024 08:01 AM

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4. According to models of households with time-inconsistent preferences, people would like to commit themselves to more

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Macroeconomics

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