Examlex
During Piaget's __________ stage,a child believes that objects do not exist if you cannot see them.
APC
Average Propensity to Consume, a statistical measure reflecting the percentage of income that is spent on goods and services as opposed to being saved.
Disposable Income
The amount of money a household has available for spending and saving after income taxes have been accounted for.
Induced Consumption
Spending induced by changes in the level of income.
Autonomous Consumption
The minimum amount that people will spend on the necessities of life.
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