Multiple Choice
"Time inconsistency" refers to the
A) tendency for policies with high short-run benefits to have high long-run costs.
B) fallacy that what is true for the short run must be true for the long run.
C) tendency to regularly misjudge in the present what you will do in the future.
D) tendency to misjudge how long it will take to accomplish a future task.
Correct Answer:
Verified
Correct Answer:
Verified
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