Economy, asked by ramatlapanat, 3 months ago

discuss the properties of absolute income hypothesis

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Answered by ayushisingh5

3

Answer:

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).

Answered by anjanabrijesh23

0

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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