Economics · Macroeconomics
Arrange the following consumption hypotheses in ascending chronological order based on when they appeared in economic literature: A. Absolute Income Hypothesis B. Permanent Income Hypothesis C. Life Cycle Hypothesis D. Relative Income Hypothesis
- 1A, C, B, D
- 2A, D, C, B✓
- 3A, B, D, C
- 4A, C, D, B
Correct answer
A, D, C, B
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