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Please help me with this (a) Limited commitment refers to situations in which it is possible for a maket participant to commit in advance to

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(a) Limited commitment refers to situations in which it is possible for a maket participant to commit in advance to some future acon. O True 0 False (b) When the collateral constraint binds, a consumer can smooth the effects of the decrease in wealth resulting from the fall in collateral value by reducing both current and future consumption. 0 True 0 False (c) When there are credit-market imperfections, an increase in government debt may be advantageous because it does not allow credit-constrained consumers to borrow more. 0 True 0 False (d) In a two-period model, a rise in the real interest rate increases savings for borrowers, but has an uncertain effect on the savings of lenders, 0 True 0 False (e) In a one-pen'od model, an increase in the real wage could lead to an increase in labor supply when the substitution effect dominates the income effect. 0 True Enlcn

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