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With respect to the inter-temporal consumption-savings model, if an investor has very steep indifference curves, then this means that: a. The investor is very patient.
With respect to the inter-temporal consumption-savings model, if an investor has very steep indifference curves, then this means that:
a. The investor is very patient.
b. The investor is more likely to value consumption tomorrow over consumption today.
c. The investor requires a big increase in todays consumption in order to accept a small decrease in tomorrows consumption.
d. None of the other options is correct.
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