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Borrowing in the present allows for higher consumption in the present and necessitates lower consumption in the future when the debts that are incurred due

Borrowing in the present allows for higher consumption in the present and necessitates lower consumption in the future when the debts that are incurred due to the borrowing must be repaid. This is an example of the concept of ______. Multiple choice question. high debt "no free lunch" marginal saving "facing up to reality

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