Author Question: Consumption smoothing refers to ________. A) the impact of future income on current consumption ... (Read 204 times)

CharlieWard · **on:** Jun 30, 2018

Consumption smoothing refers to ________.

A) the impact of future income on current consumption and of current income on future consumption
B) the constancy of consumption over time
C) the impact of current consumption on future income and of future consumption on current income
D) the tendency of consumers to adopt similar spending habits

Question 2

A change in which of the following causes a movement along not a shift in the IS curve?

A) autonomous consumption
B) government purchases
C) financial frictions
D) all of the above
E) none of the above