Please explain the one I highlighted,

(c) Set p = 0 and investigate how Y'l', A1, Yg, and r affect Cl. Interpret the results. (Note that the case of p = 0 corresponds to an incredibly patient consumer one who does not subjectively discount the future at all] 1 Y2 1=2(A1+Y1+1+r) F = E , H = E: If current income or wealth is higher. the consumer will consume half of '1 1 it today and half of it will be saved in order to smooth consumption over time. F ac 1 Y . . . 61: = ;(1+:)2