In the Special Case Where $\beta = 1$ , and with Logarithmic Utility, the Euler Equation Is Given

question 5

Multiple Choice

In the special case where $\beta = 1$ , and with logarithmic utility, the Euler equation is given by:

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

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