ECN600 Intermediate Macroeconomics II (Section 01) jinxin li | 09/30/20 4:59 AM E Homework: Assignment 1B Save ECNSO Score: 0 of 1 pt 4 20 of 37 (19 complete) HW Score: 40.28%, 14.9 of 37 pts 9.1 Problem 2 Question Help FIN40 An employer offers an employee the option of shifting x units of income from next year to this year. That is, the option is to reduce income next year by x units and Q increase income this year by x units a. Would the employee take this option? (Use the diagram ) game Assuming taxes and the real interest rate are held constant, if the employee takes the advance, then their lifetime wealth is given by the equation we = y + 7 y' 1+ + * 1- 7 + Ifr 2 0, then the employee should take the advance because there is an increase in their lifetime wealth. This is we? (1 + r) Alienware gms ban represented by a shift out of the lifetime budget constraint and the endowment we, (1 + r) comma... shifting from E, to Ez 9 b. Determine, using the diagram, how this shift in income will affect consumption this year and next year and saving this year Explain C E2 Google MHR 52 chrome This shift in income will cause consumption during this year to increase 11 consumption next year to increase, and for saving th we we2 1 increase This is due to the employee wanting to decrease. remain the same, TRUE New fold spend all disposable income This is shown in the diagram w increase S 1 cminy Student Click to select your answer(s) and then click Check Answer. ? Pri All parts showing Clear All Check Answer ALIENWARE1 E Homework: Assignment 1B ECN50 Score: 0 of 1 pt 20 of 37 (19 complete) HW Score: 40.28%, 14 1 9.1 Problem 2 I Question FIN40 An employer offers an employee the option of shifting x units of income from next year to this year. That is, the option is to reduce income next year by x units and increase income this year by x units a. Would the employee take this option? (Use the diagram) game Assuming taxes and the real interest rate are held constant, if the employee takes the advance, then their lifetime wealth is given by the equation we = y + 7 The If r > 0. then the employee should take the advance because there is an increase in their lifetime wealth, This is we2 (1 + r) Alienware gms ban represented by a shift out of the lifetime budget constraint and the endowment we; ( 1 + r) comma.. shifting from E1 to E2 .9 b. Determine, using the diagram, how this shift in income will affect consumption this year and next year and saving this year Explain, E2 12 Google MHR 5 Chrome This shift in income will cause consumption during this year to increase, consumption next year to increase, Jim and for saving this year to we; we2 1 increase This is ing to spend all disposable inco increase iagram when moving from New fold decrease. remain the same, cmn Student Click to select your answer(s) and then click Check Answer. Pr. All parts showing Clear All Check Answer ALIENWAREECN30 - C ECN600 Intermediate Macroeconomics II (Section 01) Homework: Assignment 1B ECN50 Score: 0 of 1 pt 4 20 of 37 (19 complete) HW Score: 40,28%, 1 9.1 Problem 2 Question FIN40 An employer offers an employee the option of shifting x units of income from next year to this year That is, the option is to reduce income next year by x units and increase income this year by x units a. Would the employee take this option? (Use the diagram) garry Assuming taxes and the real interest rate are held constant, if the employee takes the advance, then their lifetime wealth is given by the equation y If r > 0, then the employee should take the advance because there is an increase in their lifetime wealth This is wen(1 +r) represented by a shift out of the lifetime budget constraint and the endowment wey (1 - r) shilling from E1 to Ez 5. Determine, using the diagram, how this shift in income will affect consumption this year and next year and saving this year Explain This shift in income will cause consumption during this year to increase consumption next year to increase and for saving this year to nagese This is due to the employee wanting to he This is shown in the diagram when moving from increase wasa 1 uran the san Click to select your answert's) and then click Check Answer All parts showling Clear All Check A ALIENWAREmathxi.con's ECN600 Intermediate Macroeconomics II (Section 01) jinxin li & | 09/30/2 1 Homework: Assignment 1B GNSO Score: 0 of 1 pt 20 of 37 (19 complete) HW Score: 40.28%, 14 9.1 Problem 2 IQuestion FIN40 An employer offers an employee the option of shifting x units of income from next year to this year That is, the option is to reduce income next year by x units and increase income this year by x units a. Would the employee take this option? (Use the diagram ) game Assuming taxes and the real interest rate are held constant, if the employee takes the advance, then their lifetime wealth is given by the equation We = y* 147-1- 147* *|1-1+5 Itr> 0, then the employee should 1 take the advance because there is an increase in their lifetime wealth This is wes (1 * r) Alienware gms ban represented by a shift out of the lifetime budget constraint and the endowment we; (1 + 1) commas shitting from E, to Ez E1 9 b. Determine, using the diagram, how this shift in income will affect consumption this year and next year and saving this year Explain Google MHR 5 Chrome This shift in income will cause consumption during this year to increase, consumption next year to increase, and for saving this year to we, wez 1 increase This is due to the employee wanting to New Fold spend all disposable income | This is shown in the diagram when moving from spend all disposable income S 1 smooth consumption cmn Student Click to select your answer(s) and then click Check Answer. Pr. All parts showing Clear All Check Armyer ALIENWARE1 Do Homework - jinxin li - Google Chrome Course He mathxl.com/Student/PlayerHomework.aspx?homeworkid=579524993&questionld=16&flushed=true&cid=6239023¢erwin=yes ECN30 G ECN600 Intermediate Macroeconomics II (Section 01) jinxin li & | 09/30/20 5 Homework: Assignment 1B ON50 Score: 0 of 1 pt 20 of 37 (19 complete) HW Score: 40.28%, 14.9 9.1 Problem 2 Question H FIN40 An employer offers an employee the option of shifting x units of income from next year to this year That is, the option is to reduce income next year by x units and increase income this year by x units a. Would the employee take this option? (Use the diagram ) game Assuming taxes and the real interest rate are held constant, if the employee takes the advance, then their lifetime wealth is given by the equation A to E2 1+1* * 1 - 7+7 iff > 0, then the employee should E1 to B cause there is an increase in their lifetime wealth This is wez (1+r) Alienware gms ban hift out of the lifetime budget constraint and the endowment we, (1 +r) Comma.. E2 to A E2 b 9 A to B E1 the diagram, how this shift in income will affect consumption B to A ear and saving this year Explain C E2 12 Google MHR 52 E2 to E1 will cause consumption during this year to 11 chrome increase E1 10 E2 ear to increase, and for saving this year to we; we2 B to E1 This is due to the employee wanting to New fol le income This is shown in the diagram when moving from cmn Student Click to select your answer(s) and then click Check Answer. Pra All parts showing Clear All Check Answer ALIENWARE