6. Answer both parts (a) and (b) of this question. (a) [9 marks] Explain Keynes' three conjectures about the consumption
Posted: Thu May 26, 2022 7:55 am
- 6 Answer Both Parts A And B Of This Question A 9 Marks Explain Keynes Three Conjectures About The Consumption 1 (17.4 KiB) Viewed 21 times
the evidence that is consistent with these conjectures and the evidence that is
inconsistent with them.
(b) Compare and contrast the Life Cycle Hypothesis with the Permanent
Income Hypothesis. Which of these two hypotheses do you think deals more
satisfactorily with the well known
"consumption puzzle"? Explain.
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