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Question
Which of the following is not a reason to expect the slope of a consumer's indifference curve for current and future consumption to be greater than 1 with an endowment along the 45 line?a. People are naturally impatient.
b. One is never sure if he will be alive in the future.
c. A unit consumed today offers memories of consumption into the future.
d. A decline in interest rates.
Answer
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Related questions
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Q:
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