Theories of Consumption
University of Calicut
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Economics notes for university students
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Covers the most important topics in Micro and Macro Economics
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Economics notes for university students
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Covers the most important topics in Micro and Macro Economics
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Theories of Consumption
- Class notes • 9 pages • 2021
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Absolute Income Hypothesis - Keynes

Secular Stagnation Hypothesis

Kuznets Findings

The Relative Income Hypothesis- Duesenberry



Demonstration Effect

Ratchet Effect

The Permanent Income Hypothesis (PIH) - Milton Friedman

Relationship between Consumption and Permanent Income

The Life Cycle Hypothesis
Class notes
Theories of Consumption
Last document update:
ago
Absolute Income Hypothesis - Keynes 
Secular Stagnation Hypothesis 
Kuznets Findings 
The Relative Income Hypothesis- Duesenberry 
 
Demonstration Effect 
Ratchet Effect 
The Permanent Income Hypothesis (PIH) - Milton Friedman 
Relationship between Consumption and Permanent Income 
The Life Cycle Hypothesis
$2.99
Add to cart
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