恒常 こうじょう所得 しょとく仮説 かせつではありませんでした
kōjōshotokukasetsudewārimasendeshita

Noun
Desu Copula

The polite, past negative form of 恒常所得仮説

1. It was not a constant-gain hypothesis.; It wasn't a constant-gain hypothesis.

Past/Perfective
Negative
Polite
Formal Register
Economics