According to the life cycle theory of consumption:
A. Consumption is constant throughout the life span
B. Consumers consume more while earning
C. Saving is the constant throughout the life span
D. Retirement consumption is entirely financed through dissaving
E. Consumption keeps increasing with age
Choose the correct answer from the options given below:
1
C and D only
2
A and D only
3
A, Band E only
4
B, Cand D only