1. Look back to the numerical example graphed in Figure 1A.1 . Suppose the interest rate is...
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1. Look back to the numerical example graphed in Figure 1A.1 . Suppose the interest rate is 20%. What would the ant (A) and grasshopper (G) do if they both start with $100,000?
Would they invest in their friend’s business? Would they borrow or lend? How much and when would each consume?
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