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Write down the the household's problem and solve for new optimal c , c and s when r =0 and the utility function given by

Write down the the household's problem and solve for new optimal c , c and s when r =0 and the utility function given by U (c , c )=lnc +lnc where =1 assuming y T =y T as in part (3). Here, assume that households can borrow freely.

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