=+b. Now suppose the government would like to encourage this individual to save for the future. One
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=+b. Now suppose the government would like to encourage this individual to save for the future.
One proposal might be to subsidize savings (through something like a 401k plan); that is, a policy that increases the interest rate for saving without changing the interest rate for borrowing. Illustrate how this changes the budget constraint. Will this policy work to accomplish the government’s goal?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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