Рет қаралды 33,771
This hypothesis by Duesenberry is one of the several post-Keynesian hypotheses advanced to resolve the puzzle presented by the empirical test of Keynesian consumption hypothesis. When tested on time series (long-term) data it gave a proportional function while the cross-section data on family budget produced a function of non-proportionality.
#YOUCANLEARNECONOMICS
#ECONOMICS
Subscribe me @ / ezclassesfaghsa
Like me on Facebook @ / faghsa
Follow me on Twitter @ ?l...