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10. Consider the two-period intertemporal optimal consumption. For a borrower, a decreases of the interest rate will have a income effect and substitution effect on

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10. Consider the two-period intertemporal optimal consumption. For a borrower, a decreases of the interest rate will have a income effect and substitution effect on Ct. a. Positive, positive b. Negative, negative c. Positive, negative d. Negative, positive

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