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vellojo vellojo
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7 years ago
The intertemporal substitution effect of a change in the price level results from a
A) change in the price of foreign goods relative to domestic goods.
B) change in the price of current goods relative to future goods.
C) change in the purchasing power of wealth.
D) Both answers B and C are correct.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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yaderayadera
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7 years ago
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vellojo Author
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#2
7 years ago
Everyone I encourage you to thumbs up the answer!

got it right
Studying economics @ Edinburgh U
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