Question
Consumers with a higher discount factor (that is, higher ) would be expected to save more and consume less in the current period relative to
Consumers with a higher discount factor (that is, higher ) would be expected to save more and consume less in the current period relative to a consumer with a lower discount factor. True or False
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Managerial Economics and Business Strategy
Authors: Michael Baye, Jeff Prince
9th edition
9781259896422, 1259290611, 1259896420, 978-1259290619
