Fisher model

Question 1

Fisher model assumes the consumer is:

Answer 1

Forward looking

Question 2

Fisher model assumes consumer chooses present and future consumption to:

Answer 2

Maximise lifetime satisfaction

Question 3

Consumers choices are subject to an:

Answer 3

Intertemporal budget constraint

Question 4

An intertemporal budget constraint is:

Answer 4

A measure of total resources available for present and future consumption