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Intermediate Macroeconomics Midterm 2
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A consumer is a lender if
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optimum current consumption is less than current disposable income
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1 / 72
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Terms in this set (72)
A consumer is a lender if
optimum current consumption is less than current disposable income
The desire to smooth consumption is reflected in
the curvature in a consumer's indifference curves
If we represents a two-period consumer's lifetime wealth and r denotes the real rate of interest, the horizontal (current consumption) intercept of the consumer's budget line is equal to
we
The endowment point is the consumption bundle in which
consumption is equal to disposable income in each period
Savings in our model are
postponed consumption
