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This is a macroeconomics question on Heterogenous Agents: Consider an economy with two types of consumers labeled h and 1. Consumers have preferences for current

This is a macroeconomics question on Heterogenous Agents:

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Consider an economy with two types of consumers labeled h and 1. Consumers have preferences for current and future consumption given by: nutshell) = 10gCCh) + 61: IOECC'E.) 3:03!) Cl) = 10SCCI) + )3: 103(4) Some consumers are patient and have a high 5h: while others are impatient and have a low 6;. That is, ,6;

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