Match List I with List II and select the correct answer using the codes given below the lists: List I List II (a) J. M. Keynes 1. Permanent income hypothesis (b) J. Duesenberry 2. Life cycle hypothesis (c) M. Friedman 3. Relative income hypothesis (d) F. Modigliani 4. Absolute income hypothesis Codes: (a) (b) (c) (d)

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Macroeconomics is a branch of economics that studies how an overall economy—the market or other systems that operate on a large scale—behaves.

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