Chapter13: Capital, Interest, Entrepreneurship, And Corporate Finance
Section: Chapter Questions
Problem 1.1P
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![Economics
Explain what tendency does consumption
smoothing refer to and why is it assumed in
an intertemporal model?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0f0b3a4-f375-4945-a9b3-eccb4f972431%2F377cf948-a82c-4629-984c-9318ebfe496c%2Fi70s20b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Economics
Explain what tendency does consumption
smoothing refer to and why is it assumed in
an intertemporal model?
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