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E. Let us look at one other type of oonstraint a consumer typically faces. Specifically, a consumer often needs to restrict his consumption today so

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E. Let us look at one other type of oonstraint a consumer typically faces. Specifically, a consumer often needs to restrict his consumption today so that he has more money to spend tomorrow. We can model this tradeotf as an intertemporal budget constraint. Assume \"Movies Today" is on the xaxis and "Movies Tomorrow" is on the yaxis. Also assume that an individual gets $40 today [he will receive nothing tomorrow]. The interest rate is 20%. Assume that movies will cost $2 today and $2 tomorrow. Draw the individual's intertemporal budget line. Hint: If the interest rate is r% and the individual has $W today then if he spends nothing today he will be able to spend $W[l +ry'l DD} tomorrow. For instance, if on individual has $10 today and the interest rate is lD'lv'u, he would be able to spend $l[1+.l]=$i 1 tomorrow if he spends nothing today

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