Economics · Macroeconomics
'Bandwagon effect' is associated with which of the following? (i) Absolute income hypothesis (ii) Relative income hypothesis (iii) Permanent income hypothesis (iv) Life cycle hypothesis Choose the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only (i)
- 2Only (ii)✓
- 3(i), (ii), (iii) and (iv)
- 4(iii) and (i) both
Correct answer
Only (ii)
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