Economy, asked by ALevelNJB8116, 1 year ago

Absolute income hypothesis of consumption

Answers

Answered by Thûgłife

Explanation:

Absolute Income Hypothesis: Keynes' consumption function has come to be known as the 'absolute income hypothesis' or theory. ... He said that consumption is a stable function of current income (to be more specific, current disposable income—income after tax payment).

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