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ice5192 ice5192
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6 years ago
If the collateral constraint does not bind, then in response to a decrease in the price, p, of the asset
A) the consumer increases both current and future consumption.
B) the consumer decreases current consumption and future consumption is unchanged.
C) the consumer leaves current consumption unchanged and increases future consumption.
D) the consumer increases current consumption and decreases future consumption.
E) the consumer decreases both current and future consumption.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
Author:
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karmarkarmar
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ice5192 Author
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#2
6 years ago
I like this thanks
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