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Intertemporal Substitution Effects Are Substitution Effects Over Time

question 21

True/False

Intertemporal substitution effects are substitution effects over time.


Definitions:

Ratio

A mathematical ratio defining how often one number is included in or includes another.

Unknown Quantity

A variable or value within a mathematical problem or equation that has not yet been determined or identified.

Proportion

A constituent, allotment, or figure regarded in context with its aggregate.

Unknown Quantity

A variable or value in mathematics and algebra that is not known or specified.

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