Question: Please help D Question 12 3 pts Consider consumption in two periods, 1 and 2. Consumption smoothing implies that: if taxes fall today, they will

Please help

D Question 12 3 pts Consider consumption in two periods, "1 and 2. Consumption smoothing implies that: if taxes fall today, they will rise tomorrow. people would rather consume the average of | 1 and C 2 O people would consume 1 = C2 people always know their future incomes and adjust consumption accordingly. transitory income is zero

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