Question: It is expected that the Social Security system in the USA will run out of funds by 2030.Which of the following consumption models would best

It is expected that the Social Security system in the USA will run out of funds by 2030.Which of the following consumption models would best predict and explain the current Social Security problems?

a.Keynesian Consumption Function

b.Life-Cycle Hypothesis

c.Permanent Income Hypothesis

d.Relative Income Hypothesis

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