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2: Consider a model exactly like that in Question 1 where the person receives income $48,326 in period 1 and additional income $44,928 in period

2: Consider a model exactly like that in Question 1 where the person receives income $48,326 in period 1 and additional income $44,928 in period 2 except let's now suppose that the person faces a liquidity constraint. Specifically, she can still save at an interest rate of 4%, but if she borrows, then she must pay an interest rate of 8%

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