Figure 15-1
-Figure above displays the consumption pattern over the lifetime of an individual. Saving and asset accumulation occur during the years ________ according to ________ theory of consumption.
A) R to L; Keynes'
B) R to L; Modigliani's
C) O to R; Friedman's
D) O to R; Modigliani's

Question

Figure 15-1 
-Figure above displays the consumption pattern over the lifetime of an individual. Saving and asset accumulation occur during the years ________ according to ________ theory of consumption.
A) R to L; Keynes' 
B) R to L; Modigliani's 
C) O to R; Friedman's 
D) O to R; Modigliani's

Quizplus · Accepted Answer

The Answer is D

Figure 15-1 -Figure Above Displays the Consumption Pattern Over the Lifetime of the Lifetime