Economics · Consumption Theories
Match the consumption theories/hypotheses in List-I with their corresponding economists in List-II: List-I: (a) Future lifetime incomes are projected on the basis of current income and wealth. (b) Real consumption expenditures are a stable function of real income. (c) Expectations of future income are generated by a moving average of past income. (d) The consumption-income ratio of a person depends not only on his own income but also on his position in the income distribution scale. List-II: (i) Modigliani (ii) Keynes (iii) Friedman (iv) Duesenberry Select the correct code:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)
- 2(a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)
- 3(a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)✓
- 4(a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)
Correct answer
(a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Consumption Theories MCQs →Want more practice questions on Consumption Theories?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Consumption Theories