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The text indicates 4 main influences on interest rates, production opportunities, time preferences for consumption, risk and inflation. Do you think these preferences are more
The text indicates 4 main influences on interest rates, production opportunities, time preferences for consumption, risk and inflation. Do you think these preferences are more influenced by advertisements for products that are consumable today, or by ads that advocate investing for tomorrow and Why? The text suggests that income, standard of living, and wealth can affect the ability to save or not. Are there other factors the text doesnt explicitly mention which you think influence peoples saving and spending habits?
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