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A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 150 during the learning period, 800
A consumer lives three periods, called the learning period, the working period, and the retirement period. Her income is 150 during the learning period, 800 during the working period, and 200 during the retirement period. The consumer's initial assets are 100. The real interest rate is zero. The consumer desires perfectly smooth consumption over her lifetime. a. What are consumption and saving in each period, assuming no borrowing constraints? Desired Desired Learning Period |:| |:| Working Period |:| I:I Retirement Period |:| |:| (Enterall responses rounded to two decimal places)
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