Psychological law of consumption is given by:

CA Foundation · Business Economics · MTP · September 2025
Psychological law of consumption is given by:
(A) A. Milton Friedman
(B) B. Pigou
(C) C. Tobin
(D) D. Keynes

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Keynes

Topics: Determination of National Income

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