Jesse and Ryan both obey the two-period Fisher model of consumption. Jesse earns $1,500 in the first period and $2,000 in the second period. Ryan earns nothing in the first period and $3,200 in the second period. Both of them can borrow or lend at the interest rate r. Both Jesse and Ryan consume $1,000 in the first period and $2,000 in the second period. The interest rate is __, and at that interest rate the maximum amount Ryan can spend is $___if he decides to spend his lifetime income in period 1, and $____ if he decides to spend his lifetime income in period 2. O 2%; 1,600; 1,600 O 20%; 3,200; 3840 O 2%; 0; 3,200 O 20%; 2666.66; 3200Suppose that a person starts life at age 20, plans to work until 70, and will live till 85. His annual income is, $45,000. If at the age of 35, his income increases permanently by $5,000, his marginal propensity to consume out of permanent income is ____; if at the age of 50, his income increases permanently by $5,000, his marginal propensity to consume out of permanent income is O 0.7; 0.571 0.589; 0.823 O 0.823; 0.7 O D) 0.571; 0.589Suppose that a person starts life at age 20, plans to work until 70, and will live till 85. His annual income is, $45,000. If at the age of 35 his income increases by $5,000 only for one year, his marginal propensity to consume out of transitory income is ___; if at the age of 50 his income increases by $5,000 only for one year, his marginal propensity to consume out of transitory income is O 0.589; 0.571 O 0.014; 0.011 O 0.028; 0.014 0.02; 0.028