Consumption Smoothing Refers to

question 38

Multiple Choice

Consumption smoothing refers to

• A) the tendency of all consumers to choose the same amount of current consumption.
• B) the tendency of consumers to seek a consumption path over time that is smoother than income.
• C) the tendency of consumers to seek an income path over time that is smoother than consumption.
• D) consumer's concerns about going heavily into debt.
• E) balance savings with consumption over time.

---

Definitions:

Permanent Magnet Motor

An electric motor that uses permanent magnets instead of electromagnets as the field coils. They draw less power than motors with electromagnetic field coils and can be made smaller as a result.

Power Door Locks

An electrically controlled system that locks and unlocks the doors of a vehicle, offering convenience and increased security.

Digital Multimeter

A handheld electrical testing device that can measure AC and DC voltage, resistance, amps, and other measurements.

Light Emitting Diodes

Semiconductor devices that emit light when an electric current passes through them, widely used for indicators, displays, and lighting applications.