Describe the effect of each of the following events on individuals’ rate of time preference and thus on interest rates: a. A technological advance that increases longevity b. An increased threat of war c. Growing older
Microeconomics
Microeconomics
Describe the effect of each of the following events on individuals’ rate of time preference and thus on interest rates:
- a. A technological advance that increases longevity
- b. An increased threat of war
- c. Growing older
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