Part A: In two brief paragraphs describe a pure exchange economy in the intertemporal consumption problem....

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Part A: In two brief paragraphs describe a pure exchange economy in the intertemporal consumption problem. Hint: i) start by defining the economy (model setup), and ii) discuss the main takeaway (try to link this to a practical application). Part A: In two brief paragraphs describe a pure exchange economy in the intertemporal consumption problem. Hint: i) start by defining the economy (model setup), and ii) discuss the main takeaway (try to link this to a practical application).