Economics · Consumption Hypotheses
Match the consumption theories in Column I with their correct proponent and year in Column II: Column I (Theory) (P) Absolute Income Hypothesis (Q) Relative Income Hypothesis (R) Permanent Income Hypothesis (S) Life-Cycle Hypothesis Column II (Proponent & Year) (1) Keynes (1936) (2) Duesenberry (1949) (3) Friedman (1957) (4) Ando & Modigliani (1963)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P-4, Q-2, R-3, S-1
- 2P-2, Q-3, R-1, S-4
- 3P-1, Q-3, R-2, S-4
- 4P-1, Q-2, R-3, S-4✓
Correct answer
P-1, Q-2, R-3, S-4
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