If a consumer faces a borrowing constraint then-09246
If a consumer faces a borrowing constraint then:
This multiple choice question (MCQ) is related to the book/course
vu eco403 Macroeconomics.
It can also be found in
vu eco403 Final Term - Quiz No.9.
If a consumer faces a borrowing constraint then:
He will be unable to consume anything in the second period
He may or may not be less satisfied than if he was able to borrow
Consumption in the first period must be less than consumption in the second period
All of the given options
