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 U(c,c')=xlc_+,sxlr?,0
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