Write an essay of about 500 words in length on the following prompt: Smoothing c

Write an essay of about 500 words in length on the following prompt:
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. Please upload .doc, .docx or pdf files