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How do I Illustrate the consolidated budget constraint given the following situation. The optimal saving is given by ? S ? = 2 + ?
How do I Illustrate the consolidated budget constraint given the following situation.
The optimal saving is given by ?S?=2+?1?Y1?+2+?1+??1+rY2??? and the consolidated budget constraint is ?C1?+1+rC2??=Y1?+1+rY2??? .
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