Which one of the following hypotheses postulates that individual's con – McqOptions

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1.	Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?
A.	Absolute Income Hypothesis
B.	Relative Income Hypothesis
C.	Life Cycle Hypothesis
D.	Permanent Income Hypothesis
Answer» D. Permanent Income Hypothesis

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