A

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Q. The Relationship between rate of interest and consumption level was firstly estimated by–

  • (A) Amartya Sen
  • (B) Milton Freedman
  • (C) Irwing Fischer
  • (D) James Duezan Berry
  • Correct Answer - Option(B)
  • Views: 3
  • Filed under category Economic
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Explanation by: Admin
With increase in rate of interest there is decrease in consumption level i.e. there is inverse relation between rate of interest and consumption level.

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