Author Question: Which of the following individuals is responsible for developing the life cycle theory of ... (Read 55 times)

ahriuashd · **on:** Jun 30, 2018

Which of the following individuals is responsible for developing the life cycle theory of consumption?

A) Friedman
B) Modigliani
C) Keynes
D) Lucas

Question 2

With a constant nominal interest rate equal to i, the present discounted value of 1.00 to be received 4 years from today is equal to

A) 1 + i.
B) i4.
C) (1 + i)4.
D) 1/(1 + i) 4.
E) 4(1 + i).