Match the following:

List - I
Theory

List - II
Economist(s) who gave it

(A) 

Permanent Income Hypothesis of Consumption

(I)

T. Sargent and N. Wallace

(B)

Life-cycle Hypothesis of Consumption

(II)

Milton Friedman

(C)

Real Business Cycle Theory

(III)

Franco Modigliani

(D)

Policy Ineffectiveness Proposition

(IV)

F. Kydland and E. Prescott

 
Choose the correct answer from the options given below: 

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

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