Relative Income Hypothesis | James Duesenberry | Macroeconomics | Explained in English and Malayalam

[@SelnaJomens]

👍

[@savithasajil]

Very good class sir

[@ECONOMICLECTURES]

Thanks

[@Ansilaaa_]

Is Ratchet effect is related to RIH?
When income falls their consumption expenditure does not fall....-Ratchet effect?

[@ECONOMICLECTURES]

Yes, of course
You are correct 💯.
Ratchet Effect is other significant part of Duesenberry’s RIH