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Question 30 Consider a two time period model. Suppose that initially there is public pension Not yet program. Then, the government decides to impose a tax, T, in the current time answered period to fund a new public pension program. Under the public pension program, Marked out of the consumer will receive a pension equal to (1+r)T in the future period. 5.00 Flag Refer to the graph below. Use the graph to briefly explain how the wealth question substitution effect would change the consumer's savings behaviour after the pension program is introduced. Cz W - - . . . . . . - - - X of Iceland Q BC We have tut ou get unstuck CIW CK CO C, Ask Exper You can ask