Keynes Psychological Law Of Consumption
November 4, 2022 ⚊ 1 Min read ⚊ Views 105 ⚊ BUSINESS
A key part of Keynes\’ Psychological Law of Consumption theory is the relationship between income and consumption. This law is also called the consumption function. It is related to short-run consumption and it depends on the economic situation in the short-run. In addition to consumption, Keynes\’ theory also deals with quantity adjustment and investment.
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Tags: Keynes\'s theory of consumption
