The Two-Period Budget Line for Incomes Y1 and Y2 and Consumption

question 29

Multiple Choice

The two-period budget line for incomes Y1 and Y2 and consumption C1 and C2 can be written as $C _ { 2 } = Y _ { 1 } ( 1 + r ) + Y _ { 2 } - ( 1 + r ) C _ { 1 }$ ,if the interest rate were to rise the budget line would

• A)shift to the left in a parallel fashion
• B)shift to the right in a parallel fashion
• C)rotate counter-clockwise pivoting on Y1,Y2
• D)rotate clockwise pivoting on Y1,Y2

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