Pts question 16 suppose that an individuals utility

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0 / 1.2 ptsQuestion 16Suppose that an individual's utility is best describedthe following function.How much should the person save in the first period ifthey earn $4,000 in the current period, $0 in thesecond period, and the real interest rate is 2%?(round to 2 decimal places if necessary)2,000AnsweredAnsweredect Answersect Answers1,880 (with margin: 15)
0.6 / 0.6 ptsQuestion 17When prices grow more quickly than expected, thereal value of money that lenders receive is ________than originally anticipated and _________ are betteroff.
Correct!Correct!Correct!Correct!
0.6 / 0.6 ptsQuestion 18The graph below describes a person's two-periodbudget constraint. If this person is currentlyconsuming $800 worth of goods and services, thenthey are borrowing $200.
Correct!Correct!
0.2 / 0.6 ptsQuestion 19Suppose that future income is expected to rise. Whichof the following is true?(check all that apply)
Correct!Correct!Correct!Correct!future consumption rises ect Answerect Answercurrent consumption rises Correct!Correct!Correct!Correct!Quiz Score: 6.8out of 12

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