15 Describe the effect of each of the following events on individuals rate of time preference and...

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15 Describe the effect of each of the following events on individuals’

rate of time preference and thus on interest rates:

a. A technological advance that increases longevity.

b. An increased threat of war.

c. Growing older.

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Microeconomics

ISBN: 9780324785494

9th Edition

Authors: Roger A. Arnold

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