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Real changes in currency values reflect changes in relative purchasing power.
Aggregate Consumption
The total amount of goods and services consumed in an economy over a specific period.
Consumption Function
A relationship in economic terms between the gross national income and the aggregate consumption level.
Aggregate Income
The total income earned by all factors of production in an economy, including wages, rents, interest, and profits, over a specific period.
Aggregate Consumption
The total spending by households on goods and services within an economy during a specific period.
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