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S y 49. if average propensity to save (s/y) is given by a, *b, where, s saving, y = real disposable income, and a, = coustnats, it shows (1) life cycle hypothes
S Y 49. If Average Propensity to save (s/y) is given by a, *B, where, S saving, y = Real Disposable income, and a, = coustnats, it shows (1) Life cycle Hypothesis (2) (3) (4) - Prerious peak Income, a, Tobinis Wealth Hypothesis Dusenberry's Relative Income Hypothesis None of these Y (s/y] f (1) (2) (3) (4) 50. As per the New Keynesian Rational Expectations Approach short run Phillips curve is : (1) Vertical (3) Downward sloping (2) Horizontal 14) Upward sloping (1) 7 (3) (2) (41 35 TEHT E3T
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Nidhi taparia
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The correct answer to question 49 is Option (3). It is Duesenberry who suggested that current consumption depends on previous peak income as well.
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Nidhi taparia![best-answer]()
The correct answer to question 50 is option (1). The short run Rational Expectations Phillips Curve is vertical.