Matching Answer the Following Questions by Matching Each Term with the the Most

question 37

Multiple Choice

Matching
Answer the following questions by matching each term with the most appropriate description. Some choices may be used more than once.
-proved that DNA, not protein, transmits a full complement of hereditary information

• A)Chargaff
• B)Franklin
• C)Watson and Crick
• D)Wilkins
• E)Hershey and Chase
• F)Miescher

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Definitions:

Permanent Income Hypothesis

Formulated by Milton Friedman, it states that the strongest influence on consumption is one’s estimated lifetime income.

Paradox of Thrift

An economic theory suggesting that while saving is beneficial to an individual, increased savings by the entire population can lead to a decrease in aggregate demand, ultimately reducing savings at a macroeconomic level.

Theory of the Leisure Class

A socio-economic theory presented by Thorstein Veblen, which critiques consumerism and status-driven consumption, emphasizing the social uses of wealth and leisure to display status rather than for utility.

Theory of the Multiplier

An economic theory suggesting that an initial increase in spending leads to increased income and consumption, further magnifying economic activity.