Which of the following individuals is responsible for developing the life cycle theory of consumption?
A) Friedman.
B) Keynes.
C) Lucas.
D) Sargent.
E) Modigliani.

Question

Quizplus · Accepted Answer

The life cycle theory of consumption was developed by Franco Modigliani in the 1950s. The theory suggests that individuals choose their current consumption levels based on their expected lifetime income and wealth.

Which of the Following Individuals Is Responsible for Developing the Life