Economics · Consumption Functions
Match List-I with List-II and select the correct option: List I a. Absolute Income Hypothesis b. Relative Income Hypothesis c. Life Cycle Hypothesis d. Permanent Income Hypothesis List II1. Milton Friedman2. J. S. Duesenberry3. J. M. Keynes4. Albert Ando and Franco Modigliani
- 1a-3, b-2, c-1, d-4
- 2a-4, b-3, c-2, d-1
- 3a-2, b-1, c-3, d-4
- 4a-3, b-2, c-4, d-1✓
Correct answer
a-3, b-2, c-4, d-1
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