In the Intertemporal Budget Constraint, the Term $( 1 + i ) B _ { 1 }$

question 60

Multiple Choice

In the intertemporal budget constraint, the term $( 1 + i ) B _ { 1 }$ is called the:

• A) total debt
• B) initial debt
• C) government deficit
• D) government surplus
• E) None of these answers are correct.

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