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Author Question: Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to ... (Read 68 times)

nummyann

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on: Jul 1, 2018
Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to choose consumption in each of the two periods. C1 and C2 given their anticipated income on two periods, Y1 and Y2 . The slope is
 a. r
  b. r
  c. 1 + r
  d. (1 + r)

Question 2

Draw a two period budget line where the borrow/lending rate of interest, r, allows consumers to choose consumption in each of the two periods. C1 and C2 given their anticipated income on two periods, Y1 and Y2 . The vertical (C2) intercept is
 a.
  b.
  c.
  d.


CourtneyCNorton

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

d


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