Question : The relationship between the rate of interest and level of consumption was first visualised by Which of the following?
Option 1: Amartya Kumar Sen
Option 2: Milton Friedman
Option 3: Irving Fisher
Option 4: James Duesenberry
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Irving Fisher
Solution : The correct answer is Irving Fisher .
Irving Fisher was the first to depict the link between the rate of interest and the amount of consumption. Fisher contended that interest rates and consumption had an inverse connection. This indicates that when interest rates rise, so does consumption and vice versa.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
