Assuming a closed economy A, where I= 22-3r and S= r+ 14, then the cost of...
Assuming a closed economy A, where I= 22-3r and S= r+ 14, then the cost of one unit of future consumption in a country A equals how many unit of current consumption.
Homework Answers
Equating I and S,
22 - 3r = r + 14
4r = 8
r = 2%
Cost of 1 unit of future consumption = 1 x (1.02) = 1.02 units of current consumption
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Assuming a closed economy A, where I= 22-3r and S= r+ 14, then
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