Suppose a person's preferences are to "consumption smooth," which means they wish to get 
for all incomes and interest rates.For any interest rate and 
,the person will ____ in the first period.
Definitions:
Assessment Instruments
Tools or methods used to evaluate, measure, or gauge a subject's knowledge, abilities, attitudes, or personality traits.
Informal Assessment
An unstructured method of evaluating skills or performance, often based on observation and less standardized procedures.
Assessment Instruments
Tools or methods used to evaluate, measure, or assess certain attributes or abilities in individuals.
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Comprehensive records maintained by schools that document a student's educational history and progress over time.
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