The effect on a country's consumption as a result of a permanent shock is:
A) that consumption smoothing is not possible.
B) a temporary change in consumption.
C) a permanent change in consumption.
D) that consumption smoothing is not possible and there is a permanent change in consumption.

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The Answer of The effect on a country's consumption as a result of a permanent shock is:
A) that consumption smoothing is not possible.
B) a temporary change in consumption.
C) a permanent change in consumption.
D) that consumption smoothing is not possible and there is a permanent change in consumption.

The Effect on a Country's Consumption as a Result of a Permanent