John Has $100,000 in Annual Income but Does Not Own

question 217

Multiple Choice

John has $100,000 in annual income but does not own a house or a car. Bob has $100,000 in annual income and owns two houses and four cars. Which theorist would predict that John spends a different proportion of his current income than Bob?

• A) Milton Friedman
• B) John Maynard Keynes
• C) Irving Fisher
• D) David Ricardo

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