Question: answer the question wheather (b) (22 points) Use the logarithmic two-period model of chapter 4 (U = In(C1) + In(C2)) to explain if the following

answer the question wheather

(b) (22 points) Use the logarithmic two-period model of chapter 4 (U = In(C1) + In(C2)) to explain if the following statement is true or false: "Suppose the terms of trade of Canada decrease in both periods, but decrease by less in period 2. That is, the terms of trade depreciate by ATT1 = a

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