Question: explain in detail 5. Briefly explain how the Life-Cycle Hypotheses (LCH). Also explain how LCH resolves the seemingly contradictory pieces of evidence regarding Keynesian consumption

explain in detail

5. Briefly explain how the Life-Cycle Hypotheses (LCH). Also explain how LCH resolves the seemingly contradictory pieces of evidence regarding Keynesian consumption function. (7+3=10)

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