Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

5 Questions

0 Views

Theories of Saving and Consumption

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

According to Kuznets' empirical studies, what remains almost constant over a long period of time?

The relative income hypothesis

The savings proportion

The increase in income

The average propensity to consume (correct)

What does Duesenberry's relative income hypothesis suggest about consumption in the long run?

Consumption will increase at a higher rate than income

Consumption will decrease as income increases

Consumption will remain constant regardless of income

Consumption will increase proportionally with income (correct)

According to Duesenberry, what happens to savings as income increases for individuals with relatively low incomes?

Savings remain constant regardless of income

Savings decrease as income increases

Savings increase at a higher rate than income

Savings do not increase proportionally with income (correct)

Why do individuals with relatively low incomes not increase their savings proportionally with income according to Duesenberry?

<p>Their relative incomes do not change</p> Signup and view all the answers

Who does Duesenberry's relative income hypothesis apply to?

<p>All individuals and households</p> Signup and view all the answers

Theories of Saving and Consumption

Choose a study mode

Podcast

Questions and Answers

According to Kuznets' empirical studies, what remains almost constant over a long period of time?

What does Duesenberry's relative income hypothesis suggest about consumption in the long run?

According to Duesenberry, what happens to savings as income increases for individuals with relatively low incomes?

Why do individuals with relatively low incomes not increase their savings proportionally with income according to Duesenberry?

Who does Duesenberry's relative income hypothesis apply to?

More Like This

Theories of Motivation Flashcards

Theories in Criminology Overview

Theories of Human Development Flashcards

Theories of Motivation and Emotion

Upgrade to continue