williamson_MCQ_ch9

williamson_MCQ_ch9 - Chapter 9 A Real Intertemporal Model...

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A Real Intertemporal Model with Investment T Multiple Choice 1. A consumer may increase her saving by (a) working more hours and consuming more goods in the present period. (b) working more hours and consuming fewer goods in the present period. (c) working fewer hours and consuming more goods in the present period. (d) working fewer hours and consuming fewer goods in the present period. Answer: B 2. The condition, , , l C MRS w = describes the representative consumer’s (a) investment decision. (b) consumption – savings decision. (c) current period work – leisure decision. (d) future period work – leisure decision. Answer: C 3. The condition, ', ' ', l C MRS w = describes the representative consumer’s (a) investment decision. (b) consumption – savings decision. (c) current period work – leisure decision. (d) future period work – leisure decision. Answer: D 4. The condition, , ' 1 , C C MRS r = + describes the representative consumer’s (a) investment decision. (b) consumption – savings decision.
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This note was uploaded on 04/10/2008 for the course ECON 252 taught by Professor Ionescu during the Spring '05 term at Colgate.

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williamson_MCQ_ch9 - Chapter 9 A Real Intertemporal Model...

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