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The multi-period Grossman model discusses that our optimal health level declines over time, because the return on a certain level of health diminishes as we

  • The multi-period Grossman model discusses that our optimal health level declines over time, because the return on a certain level of health diminishes as we age and the cost of maintaining a fixed level of health continues to increase. As a result, we let our health slide with age. Provide specific examples of how this is true in your own life or the life of someone you know.

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