Current and future consumption

Current and future consumption - production

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Reference no: EM13213788

Name and briefly describe one type of policy in which intertemporal preferences over consumption or production is important for decision making. Specifically, what are the tradeoffs involved between current and future consumption/production? In the absence of government intervention, would we expect the consumers/producers to make optimal intertemporal decisions?

Reference no: EM13213788

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