a) You have an avocado tree, growing 100 avocados this year, 0 next year. Neighbor's tree grows 0 this year, 300 next year. Let's say you save s avocados, and nber borrows b avocados. In equilibrium, 1 this year = v next year. v=_______
a) You have an avocado tree, growing 100 avocados this year, 0 next year.
Neighbor's tree grows 0 this year, 300 next year.
Let's say you save s avocados, and nber borrows b avocados.
In equilibrium, 1 this year = v next year.
v=_______
b) You have an avocado tree, growing 100 avocados this year, 0 next year.
Neighbor's tree grows 50 this year, 300 next year.
Let's say you save s avocados, and nber borrows b avocados.
In equilibrium, 1 this year = v next year.
v=_______
c) You have an avocado tree, growing 120 avocados this year, 80 next year.
Neighbor's tree grows 30 this year, 220 next year.
Let's say you save s avocados, and nber borrows b avocados.
In equilibrium, 1 this year = v next year.
v=_______
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