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The effect on consumption in a closed cconomy as a result of a temporary shock is: a permanent change in consumption. that consumption smoothing is
The effect on consumption in a closed cconomy as a result of a temporary shock is: a permanent change in consumption. that consumption smoothing is not possible and there is a permanent change in consumption. a temporary change in consumption. that consumption smoothing is nol possiblc. 
The effect on consumption in a closed cconomy as a result of a temporary shock is:
a permanent change in consumption.
that consumption smoothing is not possible and there is a permanent change in consumption.
a temporary change in consumption.
that consumption smoothing is nol possiblc.
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