Intertemporal choice theory is more consistent with ________.
A) Keynesian theory than the permanent income hypothesis of Friedman
B) the permanent income hypothesis than Keynesian theory
C) Keynesian theory than the life-cycle hypothesis
D) Keynesian theory than the Gini coefficient theory
Question 2
An increase in financial frictions results in ________.
A) an increase in output and inflation
B) a rise in the interest rate set by monetary policy
C) a decline in the real interest rates faced by households and firms
D) a decline in the interest rate set by monetary policy
A study by Seehausen and van Alphen involving the effects of male coloration on female choice in Afr
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