14.
The life-cycle hypothesis and Permanent Income Hypothesis theories of consumption:
A)
are attempts to discredit the Keynesian consumption theory.
B)
believe that consumers do not have any autonomous consumption.
C)
assert that consumption is a necessity of life and does not depend on income.
D)
all of the above.
E) none of the above.
Letter C is my answer I just want to double check if its correct. Thank you.
1 answer