Explain the following business cycle
Explain the following business cycle theories
a. Keynesian theory of consumption
b. Friedman Permanent Income Hypothesis
c. Post Keynesian Consumption Theory
d. Duesenberry Relative Income Hypothesis
e. Ando and Modigliani Life Cycle Hypothesis
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according to the lectures in class although consumption spending is about 70 of the total spending in the us economy
explain the following business cycle theoriesa keynesian theory of consumptionb friedman permanent income hypothesisc
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1nbspfrom your own perspective share an example of how cultural rules and roles affect the atmosphere in a college
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