Economy, asked by ayushjaiswal325, 1 day ago

In the context of the covid-19 shock, the Reserve Bank of Australia reduced interest rates in 2020. Using a graph, show how this policy would have affected the optimal borrowing level for consumption today by a household that has a future endowment. (5 marks) Assume that spending in Australia in 2019 can be expressed by the following equations:​

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Answered by rahulwadhwani
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