Match Each Term with Its Corresponding Definition or Explanation

question 118

Multiple Choice

Match each term with its corresponding definition or explanation.
-The spread of a disease to many people in a more limited geographical area

• A)Sign
• B)Symptoms
• C)Syndrome
• D)Etiology
• E)Idiopathic
• F)Pathogenesis
• G)Latent stage
• H)Endemic
• I)Epidemic
• J)Pandemic

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Definitions:

Credit Available

The amount of credit that a financial institution extends to a client, which the client has not yet used.

Autonomous Consumption

The level of consumption spending that occurs when income is zero, reflecting expenditures that consumers must make even when they have no income.

Permanent Income Hypothesis

Formulated by Milton Friedman, it states that the strongest influence on consumption is one’s estimated lifetime income.

Paradox of Thrift

An economic theory suggesting that while saving is beneficial to an individual, increased savings by the entire population can lead to a decrease in aggregate demand, ultimately reducing savings at a macroeconomic level.