If You Live T Periods $\beta = 1$ , And $R = 0$

question 74

Multiple Choice

If you live T periods, $\beta = 1$ , and $R = 0$
, with logarithmic utility, the marginal propensity of income is approximately equal to:

• A) 1/T
• B) T
• C) 1/2
• D) \(\bar {W}\)
• E) \(\beta ( 1 + R )\)

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