(2) Based on the Ricardian equivalence proposition, how would the tax cut affect the consumer's welfare and their intertemporal consumption choices in the long run? Set up a two-period consumption-saving model to explain the idea. (10%)

6. The Solow model Taiwan's population growth rate has decreased from more than 3% in the 1960s to less than 0.5% in recent years. Use the Solow model to discuss the effect of low population growth on Taiwan's economic growth and living standard in the long run. (10%)

(2) Based on the Ricardian equivalence proposition, how would the tax cut affect the consumer's welfare and their intertemporal consumption choices in the long run? Set up a two-period consumption-saving model to explain the idea. (10%)

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