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Consider a two-period consumption-saving model from Chapter 9. The consumer's income in the current and future periods is denoted by y and y' . There
Consider a two-period consumption-saving model from Chapter 9. The consumer's income in
the current and future periods is denoted by y and y'. There are no taxes. The consumer's utility
function is given by
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Macroeconomics
Authors: Charles I. Jones
1st Edition
978-0393926385, 0393926389
