Solved

Which of the Following Theories of Consumption Behavior Was Introduced

Question 18

Multiple Choice

Which of the following theories of consumption behavior was introduced by Milton Friedman?


A) the absolute-income hypothesis
B) the relative-income hypothesis
C) the permanent-income hypothesis
D) the life-cycle hypothesis
E) the random-walk hypothesis

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: Empirical studies of aggregate consumption have shown

Q14: Consumption is an important element of aggregate

Q15: If the interest rate increases,<br>A)consumption of non-durable

Q16: According to the permanent-income theory, which of

Q17: The Barro-Ricardo equivalence proposition relies on<br>A)the presence

Q19: In the Fisher diagram, which gives a

Q20: What does the permanent-income theory of consumption

Q21: Robert E.Hall's theory of consumption behavior is

Q22: Hall's random walk-theory of consumption states that

Q23: If uncertainty about future income and future