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Answer : 2. "Milton Freedman "
The Relationship between rate of interest and consumption level was firstly estimated by–
5Q:
The Relationship between rate of interest and consumption level was firstly estimated by–
- 1Amartya Senfalse
- 2Milton Freedmantrue
- 3Irwing Fischerfalse
- 4James Duezan Berryfalse
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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.