Economist David Laibson Suggests That People End Up Saving Less

question 112

Multiple Choice

Economist David Laibson suggests that people end up saving less than they wish because of:

• A) an increasing marginal propensity to consume over time.
• B) the pull of instant gratification.
• C) rarely receiving transitory income.
• D) unpredictable changes in consumption.

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Definitions:

Nonsilicates

Minerals that do not contain silicon-oxygen tetrahedra, including classes like oxides, sulfides, and carbonates.

Silicon

A chemical element, symbol Si, known for its semiconductor properties and widely used in electronic devices and solar cells.

Earth's Crust

The outermost layer of the Earth, composed of solid rocks and minerals, and divided into the thicker continental crust and the thinner oceanic crust.

Silicon

A chemical element with the symbol Si, known for its semiconductor properties and widespread use in computer chips.