If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

life-cycle income is a good measure of the distribution of living standards.

transitory income is a good measure of the distribution of living standards

permanent income is a good measure of the distribution of living standards.

current annual income is a good measure of the distribution of living standards.

If people can borrow and lend to perfectly smooth out their lifetime

1.	If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?
A.	transitory income is a good measure of the distribution of living standards
B.	none of these answers
C.	permanent income is a good measure of the distribution of living standards.
D.	life-cycle income is a good measure of the distribution of living standards.
E.	current annual income is a good measure of the distribution of living standards.
Answer» D. life-cycle income is a good measure of the distribution of living standards.

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If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?

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