Economics (M.Phil./Ph.D.) 2016 Panjab University Entrance Exam With Answers

Practice Mode:
1.

Which of the following is the ultimate equation derived by J. Dussenberry in his Relative Income Hypothesis?

A: Ct/ Yt = a- bYt / Y0
B: Yt /Ct = a- bYt / Y0
C: Yt = Ct + a- bYt / Y0
D: Yt = a + Ct + bYt / Y0

The answer is: A