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

Question

Quizplus · Accepted Answer

Modigliani is responsible for developing the life cycle theory of consumption. This theory suggests that individuals plan their consumption over their lifetime based on their expected income, with the aim of maintaining a stable standard of living.

Which of the Following Individuals Is Responsible for Developing the Life