Now assume that the income in period 1 increased to Y1=$800 because Social Security benefits increased. Period 0 income and the interest rate are unchanged, Y0=1000, and r=10%. This individual now consumes C1=900, what is the new C0,? Use the intertemporal budget constraint formula: C0 + C1/(1+r) = Y0 + Y1/(1+r) This budget constraint equation represents an individual planning her consumption over two periods (before retirement 0, after retirement 1). This an intertemporal budget constraint in which the present value of consumer expenditures must equal the present value of income in the two periods. Where Y represents income, C represents consumption, and r represents rate of return. Group of answer choices 935 909 855 921