Question
Explain Keynes' conjectures about the consumption function. (8 Marks) B. Describe the evidence that was consistent with Keynes's Absolute Income Hypothesis and the evidence that
Explain Keynes' conjectures about the consumption function. (8 Marks)
B. Describe the evidence that was consistent with Keynes's Absolute Income Hypothesis and the evidence that was inconsistent with them. (5 Marks)
C. How does the Duesenberry's Relative Income Hypothesis help to resolve the seemingly contradictory pieces of evidence? (12 Marks)
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
