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17 Dec 2017
58) If, as shown in the diagram, the household still saves 350K when the interest rate increases to r' = 40%, then present consumption Cp is an) good and future consumption CF is a(n) good. A) normal; normal B) inferior, normal C) normal; inferior D) inferior; inferior E) inferior Giffen, inferior Giffen
58) If, as shown in the diagram, the household still saves 350K when the interest rate increases to r' = 40%, then present consumption Cp is an) good and future consumption CF is a(n) good. A) normal; normal B) inferior, normal C) normal; inferior D) inferior; inferior E) inferior Giffen, inferior Giffen
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