Smoothing consumption and income are motivations for several actions that individuals take- saving, borrowing, lending, investment... it is also an optimal individual choice to overcome the impacts of unemployment and recession. Write an essay on the role, importance and methods of consumption (and income) smoothing in the study of macroeconomics. You may use figures, diagrams and tables to suppprt your answer.

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Q: How to derive the total expenditure curve?

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Q: If you practice consumption smoothing, O you always spend less than you earn. there will be times in…

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Q: NO AI

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Q: Please don't give photo answer and AI Answer.Give proper explanation answer and take a like

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Q: With the help of diagrams, illustrate and explain how MPP and MC are related.

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