Consumption Smoothing Refers to ________

question 71

Multiple Choice

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

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Definitions:

Retrograde Amnesia

The inability to recall events that occurred prior to a traumatic event.

Anterograde Amnesia

An inability to recall events that occur after some disturbance to the brain.

Declarative Amnesia

The loss of capability to recall explicit information, including facts and personal events, usually due to brain injury or disease.

Semantic Memory

A type of long-term memory involving the ability to remember meanings, concept-based knowledge, and factual information.