Matt Has $2000 Saved Up for Spring Break

question 62

Multiple Choice

Matt has $2000 saved up for Spring Break.Over Christmas break he decides to spend $400 of it on gifts instead of putting the gifts on his credit card and gradually replaces it in his Spring Break savings over the next few months.An economist would say this behavior is:

• A)rational.
• B)irrational.
• C)utility minimizing.
• D)not observable.

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