Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Why does an anticipated change in income lead to no change in consumption for a consumption smoother?
The consumer is completely aware of anticipated changes in future income.
There are high tax rates on anticipated changes in future income.
The consumer is not aware of anticipated changes in future income.
The consumer cannot change the consumption.
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!