Intertemporal budget constraint. Budget line 1: Y1 = $900. Y2 = $600. The interest rate is 12 percent, both for borrowin

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answerhappygod
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Intertemporal budget constraint. Budget line 1: Y1 = $900. Y2 = $600. The interest rate is 12 percent, both for borrowin

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Intertemporal budget constraint. Budget line 1: Y1 = $900. Y2 =$600. The interest rate is 12 percent, both for borrowing andsaving. Utility = C15C27 Draw the budget line, with solved numbers.Solve the optimal consumption levels to choose in time 1 and time2.
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