Economics · Consumption Function & Hypotheses
Match List-I with List-II and select the correct answer using the codes given below: List-I (Hypothesis) (a) Absolute income hypothesis (b) Relative income hypothesis (c) Life cycle hypothesis (d) Permanent income hypothesis List-II (Economists) (i) Franco Modigliani, R. E. Brumberg and A. Ando (ii) Milton Friedman (iii) Arthur Smithies & James Tobin (iv) James Duesenberry
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1(a-iii), (b-i), (c-iv), (d-ii)
- 2(a-iv), (b-iii), (c-ii), (d-i)
- 3(a-iii), (b-iv), (c-i), (d-ii)✓
- 4(a-i), (b-ii), (c-iii), (d-iv)
Correct answer
(a-iii), (b-iv), (c-i), (d-ii)
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