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1 Overlapping Generations Question 1.[25pt] Consider the overlapping generations model with Cobb-Douglas utility U = CICH+1 where ct is consumption when young and ct+1 is

1 Overlapping Generations Question 1.[25pt] Consider the overlapping generations model with Cobb-Douglas utility U = CICH+1 where ct is consumption when young and ct+1 is consumption when old. Workers earn wages in the first period and live off their savings in the second: C + st

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