Economy, asked by sammythomas7512, 10 months ago

explain the keynesian phychological laws of consumption?

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Answered by Rajputadarshsingh3

25

Answer:

Keynes's Psychological Law of Consumption: Further, Keynes put forward a psychological law of consumption, according to which, as income increases consumption increases but not by as much as the increase in income. In other words, marginal propensity to consume is less than one.

Answered by Anisha5119

18

Answer:

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.insta hai??

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