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I’m working on a micro economics writing question and need an explanation to hel

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I’m working on a micro economics writing question and need an explanation to help me understand better.Using the two-period intertemporal choice model, examine the impact of the following on a saver.- A decrease in their current income.- A decrease in interest rates. 50 marks Explain how it is possible to extend the intertemporal choice model to more than two time-periods and discuss some of the limitations of using exponential discounting to explain people’s intertemporal preferences. 50 marks700 words with appropriate diagrams
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