3 Answer True or False. Briefly explain your answer. No credit without explanation. [20 points] a (20 points) Please explain if the following statement is true or false: "In the endowment economy model reviewed in Chapter 3 of the textbook, if the household's initial asset position is positive, (1 + ro)By > 0, then the initial endowment (Q1, Q2) is located below the intertemporal budget constraint and this in turn implies that it is feasible (affordable) for the household to consume its endowment in each period; C1 = Q1 and C2 =Q2.". Use the equation and the graph of the intertemporal budget constraint to support your answer (with C2 on the vertical axis and C on the horizontal axis)