The Intertemporal Budget Constraint Is Written As:
A) B) C) $c _ { \text {today } } + c _ { \text {future } } = f _ { \text {today } } ( 1 + R ) + y _ { \text {today } } + y _ { \text {future } }$

question 88

Multiple Choice

The intertemporal budget constraint is written as:

• A) \(c _ { \text {today } } + \left( c _ { \text {future } } / 1 + R \right) = f _ { \text {today } } + y _ { \text {today } } + \left( y _ { \text {fature } } / 1 + R \right)\)
• B) \(\left[ \left( c _ { \text {today } } / ( 1 + R ) \right] + c _ { \text {future } } = f _ { \text {today } } + \left[ y _ { \text {today } } / ( 1 + R ) \right] + y _ { \text {future } } \right.\)
• C) \(c _ { \text {today } } + c _ { \text {future } } = f _ { \text {today } } ( 1 + R ) + y _ { \text {today } } + y _ { \text {future } }\)
• D) \(u \left( c _ { \text {todey } } \right) + \beta u \left( c _ { \text {future } } \right) = f _ { \text {todey } } + \gamma _ { \text {todey } } - \gamma _ { \text {future } }\)
• E) \(c _ { \text {todey } } + y _ { \text {today } } = \left( c _ { \text {future } } / 1 + R \right) + \left( \gamma _ { \text {future } } / 1 + R \right)\)

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