Geez.. this is the best video I've watched so far on this topic, easily understood. But please, can you do a short video on Duesenberry's relative Income hypothesis, I need to understand it as this one for upcoming exams
So it is unlikely that a person will take additional fixed expenses due to a bonus salary. However, it is very likely that it will be saved or sent on something with no impact on fixed expenses e.g. travel, tv, laptop etc.
Potential income base on training and capacity of production like skill , degree in education and active networking and life style of less medical or safety concern
Now consider country B which has No credit constraint at all, and a recession hits both countries (A and B). A countercyclical fiscal and monetary policies implemented by their ministry of finance and their Central bank. In your view, in which of these countries (A or B) implemented policies are more effective? And why?
I don't get why this hasn't more views, this is top notch explanation and animation. Thank you for this video
This was really really good. Thank you for posting this. You were able to help me understand this term for my assignment.
Just Study EVERYTHING on Milton Friedman and yo'll have a better understanding of the Economy than 99% of living people.
This was extremely helpful, thank you!
Geez.. this is the best video I've watched so far on this topic, easily understood.
But please, can you do a short video on Duesenberry's relative Income hypothesis, I need to understand it as this one for upcoming exams
This is amazing. Thank you!!!
So it is unlikely that a person will take additional fixed expenses due to a bonus salary. However, it is very likely that it will be saved or sent on something with no impact on fixed expenses e.g. travel, tv, laptop etc.
Potential income base on training and capacity of production like skill , degree in education and active networking and life style of less medical or safety concern
Now consider country B which has No credit constraint at all, and a recession hits both countries (A and B). A countercyclical fiscal and monetary policies implemented by their ministry of finance and their Central bank. In your view, in which of these countries (A or B) implemented policies are more effective? And why?
Dmu open macro question ?
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Wow