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Decision Makers Household Sector
?
A person with a liquidity constraint will
consume more than his income in period 1.
consume less than his income in period 2.
consume less than his income in period 1.
consume more than is income in period 2.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (A)
consume more than his income in period 1.
Related MCQs
?
If an individual earns $60,000 this year and $60,000 the following year, the real interest rate is 5%, the present value of income will be
?
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?
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?
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?
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?
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?
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?
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