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543

Q:

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

  • 1
    Amartya Sen
  • 2
    Milton Freedman
  • 3
    Irwing Fischer
  • 4
    James Duezan Berry
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Answer : 2. "Milton Freedman "
Explanation :

Explain: -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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