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Which assumption of the permanent income hypothesis has been criticized by economists?a)The assumption of a constant average propensity to consume.b)The assumption of zero marginal propensity to consume from transitory income.c)The assumption that permanent consumption is independent of permanent income.d)The assumption that transitory consumption is independent of transitory income.Correct answer is option 'A'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which assumption of the permanent income hypothesis has been criticized by economists?a)The assumption of a constant average propensity to consume.b)The assumption of zero marginal propensity to consume from transitory income.c)The assumption that permanent consumption is independent of permanent income.d)The assumption that transitory consumption is independent of transitory income.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which assumption of the permanent income hypothesis has been criticized by economists?a)The assumption of a constant average propensity to consume.b)The assumption of zero marginal propensity to consume from transitory income.c)The assumption that permanent consumption is independent of permanent income.d)The assumption that transitory consumption is independent of transitory income.Correct answer is option 'A'. Can you explain this answer?.

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