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Discuss the Ando-Modigliani Life Cycle Hypothesis (LCH) Theory of Consumption and how it is relevant to developing countries such as Kenya using suitable diagrams where
Discuss the Ando-Modigliani Life Cycle Hypothesis (LCH) Theory of Consumption and how
it is relevant to developing countries such as Kenya using suitable diagrams where necessary. Be
sure to explain clearly the assumptions and the weaknesses of the model
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