e. Suppose aggregate consumption is the sum of consumption in each group. Let p (

e. Suppose aggregate consumption is the sum of consumption in each group. Let p ( < 1) equal the proportion of consumption smoothers in the population. The proportion of hand-to-mouth consumers is therefore I-p. Write an equation for aggregate consumption, c(Y Perm' Temp that combines your equations from part d, adjusted by the proportions. Explain your reasoning and define your terms as needed.