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Assume that you are willing to postpone consumption today and buy a certificate of deposit (CD) at your local bank. Your reward for postponing consumption

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Assume that you are willing to postpone consumption today and buy a certificate of deposit (CD) at your local bank. Your reward for postponing consumption implies that at the end of the year_ you will be able to buy the same amount of goods or services you will be able to consume fewer goods you will be able to buy more goods or services you will be able to buy fewer goods or services

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