Question: The effect on consumption in a closed cconomy as a result of a temporary shock is: a permanent change in consumption. that consumption smoothing is

The effect on consumption in a closed cconomy as a result of a temporary shock is:
a permanent change in consumption.
that consumption smoothing is not possible and there is a permanent change in consumption.
a temporary change in consumption.
that consumption smoothing is nol possiblc.
The effect on consumption in a closed cconomy as a result

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