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Posted: **Wed Jul 06, 2022 5:55 am**

: 5 Intertemporal Budget Constraint Budget Line 1 Y 900 Y2 600 The Interest Rate Is 12 Percent Both For Borro 1 (12.88 KiB) Viewed 16 times

5. Intertemporal budget constraint. Budget line 1: Y₁ = $900. Y2 = $600. The interest rate is 12 percent, both for borrowing and saving. Utility = C15C₂7 Draw the budget line, with solved numbers. Solve the optimal consumption levels to choose in time 1 and time 2.