If households are confident about the state of the economy:

Which of the following are the impediment to consumption smoothing?

Suppose falling interest rates in Australia discourage saving. What effect does this have on the consumption function in Australia?

Why does an anticipated change in income lead to no change in consumption for a consumption smoother?

The marginal propensity to consume:

If Marios is a consumption smoother and has just won a prize of $12,000, we can expect Marios to exhibit:

Very briefly explain the ways that you have used AI in the production of this assessment.

A.    Which AI tools you have used in this test?

B.    How you have used the AI tools?

Suggested format:

I

used 

a.    

In the above

example, explain what is the effect on participation rate and unemployment rate

and the equilibrium unemployment rate (natural rate of unemployment).

b.    

The government

decides to spend $100million on infrastructure projects to create more jobs.

Would this help reduce unemployment in the above example? Why/why not?

Using the definition of unemployment, which of the following individuals would be unemployed