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    Exam 18: Consumption and Saving
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    Intertemporal Budget Constraint
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Intertemporal Budget Constraint

Question 25

Question 25

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Intertemporal Budget Constraint Intertemporal Budget Constraint   -Using the table above,and assuming no bequest,what amount of consumption is chosen in period 1,if the consumer wants consumption in the two periods to be equal? If initial wealth is $40,000,what amount of consumption is equal over the two periods?
-Using the table above,and assuming no bequest,what amount of consumption is chosen in period 1,if the consumer wants consumption in the two periods to be equal? If initial wealth is $40,000,what amount of consumption is equal over the two periods?

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