1. General Equilibrium in an Endowment Economyr Suppose the econ- om}r is populated by many identical agents. These agents act as price takers and take current and future income as given. The}? live for two periods: t and t + 1. The},r solve a standard consumption-savings problem which yields a consumption function Ct = C(K1K+11Tt)' (a) What are the signs of the partial derivative of the consumption function? Explain the economic intuition. (b) Suppose there is an increase in Y; holding K44 and 1': xed. How does the consumer want to adjust its consumption and saving? Explain the economic intuition. (c) Suppose there is an increase in VH1 holding Y; and \"r; xed. How does the consumer want to adjust its consumption and saving? Explain the economic intuition