Time inconsistency refers to theA) 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.

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Ikmal Hakim · Accepted Answer

Final Answer : C, Explanation :  Time inconsistency refers to the phenomenon where individuals or policymakers change their plans or preferences over time, especially in a way that their past assessments or plans do not align with their current or future actions. This often involves misjudging in the present what one will do in the future, leading to decisions that may not be consistent over time.

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