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assume elsa has current income of $50000 and expects income of $60000 next period. interest rate is 6% elsa desires to have the same amount
assume elsa has current income of $50000 and expects income of $60000 next period. interest rate is 6% elsa desires to have the same amount of consumption expenditure during both periods. in the two period certainty framework, determine how much elsa's expenditures are during each period is elsa a saver or spender
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