Economics · Macroeconomics
In Milton Friedman's permanent income hypothesis formulation CP = kYP, the fraction k depends on which of the following parameters? (i) Interest Rate (ii) The Ratio of Non-human Wealth to Human Wealth (iii) Consumer Preferences/Desire to accumulate wealth (iv) Inflation Rate
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1(iii) and (iv) only
- 2(ii) and (iv) only
- 3(i) and (ii) only
- 4(i), (ii) and (iii)✓
Correct answer
(i), (ii) and (iii)
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Macroeconomics MCQs →Want more practice questions on Macroeconomics?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Macroeconomics