Select one or more: O a. Households smooth their income to match their volatile consumption. O b. Borrowing allows all households to raise their consumer spending given an anticipated rise in income. O c. Weak-willed households save in the face of an anticipated temporary fall income. O d. Households smooth their consumption to match their volatile income.

Select one or more: O a. Households smooth their income to match their volatile consumption. O b. Borrowing allows all households to raise their consumer spending given an anticipated rise in income. O c. Weak-willed households save in the face of an anticipated temporary fall income. O d. Households smooth their consumption to match their volatile income.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter8: Aggregate Demand And The Powerful Consumer

Section: Chapter Questions

Problem 8DQ

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