Match List I with List II.
List I
(A) Permanent Income Hypothesis
(B) Inter-temporal consumption models
(C) Relative Income Hypothesis
(D) Absolute Income Hypothesis.
List II
(I) John Maynard Keynes
(II) Duesenberry
(III) Iving Fisher
(IV) Milton Friedman.
Tap an option to check your answer.
Checking your account…
Consumption and investment has come up 74 times in 7 exams since 2005.
This question is on Relative income, permanent income and life-cycle hypotheses, part of Consumption and investment in Macroeconomics.
Why consumption reacts less than one-for-one to temporary income changes.
TestStop has 19 past-paper questions on this subtopic; the nearest in year are below.
Question from the CUET-PG 2022 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.