Question: Consider the optimal saving-consumption problem under certainty, as presented at the beginning of Sect. 3.4. Show that the optimal saving (s^{*}) is increasing with respect

Consider the optimal saving-consumption problem under certainty, as presented at the beginning of Sect. 3.4. Show that the optimal saving $s^{*}$ is increasing with respect to the risk free rate $r_{f}$ if the coefficient of relative risk aversion is less than one.

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