Clifford lives by the motto "Eat, drink, and be merry today, for tomorrow doesn't matter"

If today's consumption is represented by "x" and tomorrow's consumption is represented by "y," then which of the following best represents Clifford's utility function? A) U = x - y
B) U = x/y
C) U = x
D) U = y

C

Economics

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An increase in the expected inflation rate causes the supply of bonds to ________ and the supply curve to shift to the ________, everything else held constant

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