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Consider the neoclassical model with log utility where the patience parameter can take on any number betweenzero and one. Which of the following statements is
Consider the neoclassical model with log utility where the patience parameter can take on any number betweenzero and one. Which of the following statements is true? O An increase in the patience parameter will increase current consumption. An increase in the patience parameter will increase both current and future consumption.An increase in the patience parameter will increase future consumption.An increase in the patience parameter will not change future consumption.All the alternatives are correct
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