One of the Implications of the Intertemporal Budget Constraint Is

question 16

Multiple Choice

One of the implications of the intertemporal budget constraint is that:

• A)current consumption does not have to equal current income.
• B)there are no income transfers between today and the future.
• C)lifetime consumption equals total wealth.
• D)current and future consumption must be equal.
• E)a and c

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