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A Study of Short-run Consumption Function and its Modification with Some Special Assumptions
Consumption function shows the relationship between a nation's income and consumption and it is imperative in macroeconomics. The present study is causal in nature. The study is based on secondary data sources especially absolute income theory of consumption under the Keynes's short-run consumption function and psychological law of consumption. This paper is an endeavor to study the Keynes's short-run consumption function (SCF k ) with some special assumptions that SCF k is misleading todoi:10.6084/m9.figshare.1424920.v1 fatcat:febyxchwyjffrgrmv5t3grl4jm