If the Real Interest Rate Is Positive, Then a Unit

question 17

True/False

If the real interest rate is positive, then a unit of future consumption can be had for the sacrifice of less than 1 unit of current consumption.

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Definitions:

Impulse Control

The ability to resist or delay an impulse, drive, or temptation to act and is a facet of emotional intelligence.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, responsible for voluntary movement, expressive language, decision making, and regulating social behavior.

Basal Ganglia

A group of structures in the brain involved in the control of voluntary motor movements, procedural learning, habit learning, eye movements, cognition, and emotion.

Limbic System

The Limbic System is a complex set of structures in the brain that deals with emotions and memory. It plays a key role in emotional responses and formation of memories.