The planner would maximize the representative household's expected intertemporal utility subject to the sequence of constraints. Following the approach described in slides 20-23 on the RBC model, set up the planner's maximization problem, obtain the Euler equation for capital accumulation, explain it intuitively, and explain why it coincides with the equation that would be implied by the market outcome.
a. Maximization problem, Euler equation, intuition, market outcome
b. RBC model, planner's utility, constraints, Euler equation
c. Representative household, intertemporal utility, capital accumulation, market outcome
d. Planner's problem, constraints, intuitive explanation, market equation
