QUESTION 13 Anna cares about her present and future consumption. Anna prefers consumption plan A to consumption plan B if and only if plan A provides Anna with a larger lifetime (aggregate) consumption than plan B: O a. Present and future consumption are perfect complements for Anna O b. If the interest rate is positive, an increase in the interest rate will increase Anna's present consumption Oc. If the interest rate is positive, Anna will save all her present income d. Anna neither saves nor borrows, for any interest rate O e. If the interest rate is positive, an increase in the interest rate will increase Anna's savings

QUESTION 13 Anna cares about her present and future consumption. Anna prefers consumption plan A to consumption plan B if and only if plan A provides Anna with a larger lifetime (aggregate) consumption than plan B: O a. Present and future consumption are perfect complements for Anna O b. If the interest rate is positive, an increase in the interest rate will increase Anna's present consumption Oc. If the interest rate is positive, Anna will save all her present income d. Anna neither saves nor borrows, for any interest rate O e. If the interest rate is positive, an increase in the interest rate will increase Anna's savings

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.8P

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