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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
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Fear of missing out? Then don’t!
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia
Do you wonder why so many students wear nice clothes, have money to spare and enjoy tons of free time? Well, they sell on Stuvia! Imagine your study notes being downloaded a dozen times for $15 each. Every. Single. Day. Discover all about earning on Stuvia