Economic Equilibrium In Intertemporal Choices

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until they felt they were getting a better deal.
This question is significant because the economy as a whole is affected by what individuals do with their money. In other words, if the economy is in a recession like the one we had recently many people are hanging onto their money, and therefore businesses and others who rely on consumer spending look for ways to encourage individuals to part with their money. This was largely the reason why many car companies began to offer 0 percent financing, and why interest rates for important long-term investments such as home loans came down so drastically. It was an effort to stimulate consumer spending, and thus boost the economy. One only has to look at offers such as the ones made by car companies and lending institutions to see the significance of the research question.
In order to study this particular research question, the authors looked at many different factors such as the return that people could get on their investments, ...

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