b. u Cro Pi = 21 bre c. u C P. ) = CP. (M. eleimonoosoroom beingno rulesnisa wolf wabear 2. MI money and M2 money. Consider an extended version of the infinite-period MILI framework. In addition to stocks and nominal bonds, suppose that there are two forms of money: MI and M2. M1 money (which we will denote by M, ) and M2 money (which we will denote by M2), both of which directly affect the representative con- sumer's utility. The period-t utility function is assumed to be welostfe bre espino ent to M M?) U C P. ' P. = Inc, + In- + K In- anphono fa2 maldon er ision) which has three arguments. The Greek lowercase letter "kappa" (k) in the utility func- tion is a number between zero and one, 0