<p>急需答案，大家帮帮忙超级紧急</p><p> 1,explain, with the aid of a diagram, the distinction between compensating and equivalent variation.</p><p><span style="; FONT-FAMILY: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-ansi-language: EN-GB; mso-fareast-language: EN-GB; mso-bidi-language: AR-SA;">2Explain, using examples, analytical expressions and diagrams where appropriate, what is meant by (a) risk aversion, (b) the Arrow-Pratt coefficient of absolute risk aversion, and (c) the Arrow-Pratt risk premium</span></p><p><span style="; FONT-FAMILY: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-ansi-language: EN-GB; mso-fareast-language: EN-GB; mso-bidi-language: AR-SA;"><span style="; FONT-FAMILY: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-ansi-language: EN-GB; mso-fareast-language: EN-GB; mso-bidi-language: AR-SA;">3A consumer in a two-period intertemporal consumption model starts out as a borrower. Use diagrams, analytical expressions, and if appropriate the intertemporal version of the Slutsky equation, to analyse: <br/>(a) What happens to the real rate of interest when inflation increases? <br/>(b) What happens to the slope of the intertemporal budget line when inflation increases?<br/>(c) Does the consumer remain a borrower after the increase in inflation? Is it possible to say whether the consumer borrows more or less than before the increase in inflation? Show your reasoning. </span></span></p>