Question: Cp = kYp is to Friedman Consumption hypothesis while C = aWR + cY, is to Ando and Modigliani Consumption hypothesis. Compare and Contrast. [8

Cp = kYp is to Friedman Consumption hypothesis while C = aWR + cY, is to Ando and Modigliani Consumption hypothesis. Compare and Contrast. [8 Marks].

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