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The Left-Hand Side of the Euler Equation (cfuture /ctodev )=β(1+R)\left( c _ { \text {future } } / c _ { \text {todev } } \right) = \beta ( 1 + R )

question 10

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The left-hand side of the Euler equation, (cfuture /ctodev )=β(1+R)\left( c _ { \text {future } } / c _ { \text {todev } } \right) = \beta ( 1 + R )
, represents total lifetime consumption, in dollars.


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