Question
Economics Question on Economics and economic theories
Which of the following statements are correct?
A. Life cycle hypothesis was propounded by Francois Modigliani
B. Absolute Income Hypothesis was propounded by Milton Friedman
C. Relative Income Hypothesis was propounded by James Duesenberry.
D. Permanent Income Hypothesis was propounded by John Maynard Keynes
Choose the correct answer from the options given below:
A
A & C only
B
A, B, C only
C
A & D only
D
B & C only
Answer
A & C only
Explanation
Solution
The correct option is(A): A & C only