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Ao9 Ao9
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8 years ago
For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads to
A) nothing.
B) an increase in current consumption and a decrease in future consumption.
C) a decrease in current and future consumption.
D) a decrease in current consumption and no change in future consumption.
Textbook 
Macroeconomics

Macroeconomics


Edition: 5th
Author:
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GordisGordis
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#1
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8 years ago
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Ao9 Author
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#2
8 years ago
Wow!!
wrote...
#3
8 years ago
Please mark it solved once you get a chance.
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