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1. In the two-period model, suppose that the consumer's current income increases. How will the consumer respond? Meaning, how will the consumer's optimal choices of

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In the two-period model, suppose that the consumer's current income increases. How will the consumer respond? Meaning, how will the consumer's optimal choices of current consumption, future consumption, and savings change?Consider the real intertemporel model with investment. i.iii'ho are the economic agents in the model and what is the problem that each of them solve? Consider the real intertemporal model with investment. What are the conditions that must be satisfied in a competitive equilibrium? Be specific about the optimality conditions of economic agents

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