Economics · Consumption Theories and Economists
Match List-I (Consumption Hypothesis) with List-II (Economist): List-I (A) Absolute Income Hypothesis (B) Relative Income Hypothesis (C) Permanent Income Hypothesis (D) Life Cycle Hypothesis List-II (I) Franco Modigliani (II) Milton Friedman (III) James Duesenberry (IV) J.M. Keynes
- 1A-IV, B-III, C-II, D-I✓
- 2A-II, B-I, C-III, D-IV
- 3A-III, B-IV, C-I, D-II
- 4A-I, B-II, C-IV, D-III
Correct answer
A-IV, B-III, C-II, D-I
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