Each individual reaches a decision--each individual has an income point and decides how much to consume based on the budget constraint.

在预算限制内,每个人都要决定将收入的多少,用于消费

耶鲁公开课 - 金融市场课程节选

A person has a budget constraint if the person can borrow and lend at the interest rate.

在某一利率下,人都有自己的预算限制

耶鲁公开课 - 金融市场课程节选

The budget constraint is a straight line through this point with a slope of .

这个预算限制在这幅图上是一条,是一条经过该点并以为斜率的直线

耶鲁公开课 - 金融市场课程节选

The budget constraint is going to have a different slope to it and preferences will be different over this horizon between consumption then and consumption now.

预算约束线的斜率会有所不同,人们对即时消费和延期消费的偏好,也会有所不同

耶鲁公开课 - 金融市场课程节选