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2.Jennifer lives in two periods, earning $30,000 in after-tax income in period one, during which sheconsumes and saves for period two.What is saved earns interest
2.Jennifer lives in two periods, earning $30,000 in after-tax income in period one, during which sheconsumes and saves for period two.What is saved earns interest of 8% per year.a.Sketch Jennifer's inter-temporal budget constraint in period one/period two consumption space.If Jennifer's level of consumption in period one is $10,000, what is the implied level ofconsumption in period two
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