How results change if consumers are not allowed to borrow, Microeconomics

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How results change if consumers are not allowed to borrow

Problem

Preclusion of borrowing in the Ramsey model Consider the household optimization problem in the Ramsey model. How do the results change if consumers are not allowed to borrow, only to save?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How results change if consumers are not allowed to borrow

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Microeconomics: How results change if consumers are not allowed to borrow

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