Last year, Matt and Rachel both spent about half of their income on consumption. This year, each receive a large bonus at work. Matt immediately spends half of his bonus on a new TV. Rachel increases consumption slightly, spending a small percentage of the bonus each month. Which of the following is true? O a. Matt's behavior is most consistent with Friedman's permanent income hypothesis, while Rachel's is more consistent with a Keynesian consumption function O b. Both Matt and Rachel's behaviors are more consistent with a Keynesian consumption function than Friedman's permanent income hypothesis c. Matt's behavior is most consistent with a Keynesian consumption function, while Rachel's is more consistent with Friedman's permanent income hypothesis O d. Both Matt and Rachel's behaviors are more consistent with Friedman's permanent income hypothesis than a Keynesian consumption function