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2. Given the utility function: u(c)=1act1a and the following budget constraint: ct+1+Rct+1= ft+yt+1+Ryt+1 and let c be consumption, y be household income, f is financial

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2. Given the utility function: u(c)=1act1a and the following budget constraint: ct+1+Rct+1= ft+yt+1+Ryt+1 and let c be consumption, y be household income, f is financial wealth, R is real interest rate, and is discount factor parameter, write down the Euler equation

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