Fully describe the real intertemporal model with investment by answering the following:

1. What are the exogenous variables in the model? (h, d, z, z', G, G')
2. What are the endogenous variables in the model? (c, c', l, l', s, Y, Y', I, k, k', N, N', T, T', B)
3. Who are the three economic agents in the model?
4. What are the problems each of these agents must solve? That is, what is their goal and what (if any) are their constraints?
5. How do we determine whether each agents choices are optimal?
6. What are the conditions for competitive equilibrium in this model?
7. If our goal is to find a model that best explains the causes of fluctuations in economic activity (i.e. business cycles), would this intertemporal model be appropriate? Why or why not? Would it be better or worse than the other models we've discussed in this course (i.e. the CEOP model and the two period model)?Explain.

Plese type instead of hand-writing.