Consider the following general equilibrium 2-period overlapping generations model. In this economy, the production function is

Consider the following general equilibrium 2-period overlapping generations model. In this economy, the production function is where 0 0. The preferences are given below u(C1,t, (2,t+1) = log(c1,t) + Blog(c2,#+1) where cit is consumption in period 1(when young) at date t , C2,t+1 is the consumption in period 2 (when old) at date t + 1 and 0