Match List I with List II:

List I

List II

(A)

Absolute Income Hypothesis 

(I)

Milton Friedman

(B)

Relative Income Hypothesis

(II)

J.M. Keynes

(C)

Permanent Income Hypothesis

(III)

James Dusenberry

(D)

Life Cycle Hypothesis

(IV)

Franco Modiglani


Choose the correct answer from the options given below:

1
(A) - (II), (B) - (I), (C) - (IV), (D) - (III)  
2
(A) - (II), (B) - (III), (C) - (I), (D) - (IV)
3
(A) - (IV), (B) - (III), (C) - (II), (D) - (I)
4
(A) - (III), (B) - (II), (C) - (I), (D) - (IV)

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