Which of the Following Individuals Is Responsible for Developing the Permanent

question 59

Multiple Choice

Which of the following individuals is responsible for developing the permanent income theory of consumption?

• A)Friedman
• B)Modigliani
• C)Keynes
• D)Lucas

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Definitions:

Whisky Consumption

The action or practice of drinking whisky, which can be analyzed for its economic impacts, trends, and consumer preferences.

Gallons

A unit of volume measurement used primarily in the United States, defined as 231 cubic inches or approximately 3.785 liters.

Ambrosia

In classical mythology, the food of the gods, which conferred immortality; in general usage, something very pleasing to taste or smell.

Plowshares

Metal blades fitted to a plow, used in farming to cut through the soil.