Suppose a Person's Preferences Are to "Consumption Smooth",which Means They $C _ { 1 } = C _ { 2 }$

Multiple Choice

Suppose a person's preferences are to "consumption smooth",which means they wish to get $C _ { 1 } = C _ { 2 }$ for all incomes and interest rates.For any interest rate and $Y _ { 1 } < Y _ { 2 }$ ,the person will ____ in the first period.

A) borrow
B) save
C) neither borrow nor save