Economics · Macroeconomics
Match the Concept/Theory with the Key Economist/Feature: (P) Demonstration Effect (Q) Neutrality of Money (coined) (R) Money Illusion (introduced) (S) Real Balance Effect
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P → James Duesenberry; Q → Friedrich Hayek (1931); R → Irving Fisher (1928); S → Don Patinkin (1956)✓
- 2P → J.M. Keynes; Q → Irving Fisher; R → Friedrich Hayek; S → Arthur Pigou
- 3P → Simon Kuznets; Q → Don Patinkin; R → James Duesenberry; S → Irving Fisher
- 4P → Franco Modigliani; Q → J.S. Mill; R → J.M. Keynes; S → Friedrich Hayek
Correct answer
P → James Duesenberry; Q → Friedrich Hayek (1931); R → Irving Fisher (1928); S → Don Patinkin (1956)
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