The Intertemporal Budget Constraint Basically States That

question 82

Multiple Choice

The intertemporal budget constraint basically states that:

• A) the present value of consumption must equal lifetime income only.
• B) total consumption equals total income.
• C) the present value of consumption must equal lifetime wealth.
• D) there is no future consumption because there is no future income.
• E) the present value of consumption is paid for by today's income only.

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