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Stewart Shopaholic, a compulsive shopper who likes to spend a lot of money all the time: has a high time preference. has a low time
Stewart Shopaholic, a compulsive shopper who likes to spend a lot of money all the time: has a high time preference. has a low time preference. prefers to borrow at the nominal rate, rather than the real rate of interest, if inflation is positive. is likely a supplier of loanable funds. would best be described as an "income smoother" rather than a "consumption smoother
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