The life-cycle hypothesis was developed in the 1950s, primarily by the economist

A) Franco Modigliani.
B) Robert Lucas.
C) Walter Rostow.
D) Nils Hellstrom.

A

Economics

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If a larger fraction of the adult population is working in the marketplace, household production

A) counted in real GDP increases. B) not counted in real GDP increases. C) counted in real GDP decreases. D) not counted in real GDP decreases.

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A change in business taxes and regulation can affect input prices and aggregate supply.

Answer the following statement true (T) or false (F)

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