If an Individual Has No Access to Credit Markets

question 8

Multiple Choice

If an individual has no access to credit markets:

• A)her marginal propensity to consume is one.
• B)she saves much less.
• C)she can consumption smooth.
• D)her marginal propensity to consume is equal to 1/T if she lives T periods.
• E)her future consumption is equal to zero.

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Integrated management software systems used by organizations to manage day-to-day business activities, such as accounting, procurement, project management, and manufacturing.

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