Economics · Consumption Theories
Match the Consumption Theory (P, Q, R, S) with its correct proponent and year: (P) Absolute Income Hypothesis (Q) Relative Income Hypothesis (R) Permanent Income Hypothesis (S) Life Cycle Hypothesis
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1P → Keynes (1949); Q → Duesenberry (1936); R → Hall (1978); S → Ando & Modigliani (1963)
- 2P → Fisher (1930); Q → Duesenberry (1949); R → Friedman (1963); S → Modigliani (1957)
- 3P → Keynes (1936); Q → Friedman (1957); R → Duesenberry (1949); S → Kuznets (1946)
- 4P → Keynes (1936); Q → Duesenberry (1949); R → Friedman (1957); S → Ando & Modigliani (1963)✓
Correct answer
P → Keynes (1936); Q → Duesenberry (1949); R → Friedman (1957); S → Ando & Modigliani (1963)
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