When an economy begins above the Golden Rule， reaching the Golden Rule：（ ）
A: produces lower consumption at all times in the future.
B: requires initially reducing consumption to increase consumption in the future.
C: requires initially increasing consumption to decrease consumption in the future.
D: produces higher consumption at all times in the future.
A: produces lower consumption at all times in the future.
B: requires initially reducing consumption to increase consumption in the future.
C: requires initially increasing consumption to decrease consumption in the future.
D: produces higher consumption at all times in the future.
举一反三
- How much do you choose to save ( ) A: There are more opportunity costs for future consumption B: It is the trade-off between current consumption and future<br/>consumption C: Because saving means more consumption in the future, there is no<br/>opportunity cost D: The above statements are not correct
- An economy’s golden rule steady state consumption cannot be automatically achieved. ()
- What is the time preference? A: People prefer the present consumption. B: People prefer the future consumption. C: Compared with the future consumption people prefer the present consumption. D: Compared with the present consumption people prefer the future consumption.
- a good (or service) whose consumption declines as income rises and increases as income decreases increase in income=decrease in consumption decrease in income=increase in consumption
- Which of the following will NOT happen if the income tax rate (t) is increased? A: the expenditure multiplier and consumption will both decrease B: disposable income, saving, and consumption will all decrease C: consumption and income both will decrease, but saving will increase D: the full-employment budget surplus will increase E: autonomous spending will stay the same but national income will decrease