Time inconsistency refers to a situation where:
A. we typically choose the same thing, regardless of when the decision is being made.
B. we change our minds about what we want simply because of the timing of the decision.
C. we change our minds about what we want in response to gaining complete information.
D. None of these statements is true.
Answer: B
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A) Cyclical B) Frictional C) Structural D) Inflationary
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Indicate whether the statement is true or false
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