ECO302

DIBRUGARH UNIVERSITY

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Psychological Law of consumption and Income hypothesis (Absolute and Relative)

Class notes

Psychological Law of consumption and Income hypothesis (Absolute and Relative)
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10

May 2024

2022/2023
This pdf contains notes on : 1.Keyne's psychological Law of consumption along with its propositions and implications 2.Absolute incomes hypothesis along with its merits and demerits 3.Relative Income hypothesis along with Demonstration and Ratchet effect.
richadas014
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